Philippines Authority has repatriated $15 million of $81 million cyber heist to Bangladesh Bank (BB).
The two-member team of the Central Bank’s Anti-Money Laundering Department headed by Debaprosad Debnath, general manager of the bank’s Financial Intelligence Unit, accepted the fund in cash on Friday, Bangladesh Bank sources confirmed.
Earlier in September, a Philippines court ordered the country`s central bank to repatriate $15 million dollars surrendered by casino boss Kim Wong and his Eastern Hawaii Leisure Company, to Bangladesh Bank, saying only BB is the rightful owner of the money.
Later, the Anti-Money Laundering Council of Philippines Central Bank took initiatives to return the fund.
