Bangladesh to sue Manila bank over $81 million cyber heist: cenbank governor
31 Jan 2019

Bangladesh will file a lawsuit in a U.S. court on Wednesday against Philippine bank Rizal Commercial Banking Corp (RCBC) over its role in one of the world’s biggest cyber-heists, the Bangladesh central bank governor said.

In February 2016, unknown criminals used fraudulent orders on the SWIFT payments system to steal $81 million f
rom the Bangladesh central bank account at the Federal Reserve Bank of New York. The money was sent to accounts at Manila-based RCBC and then vanished into the casino industry in the Philippines.

Fazle Kabir, governor of the Bangladesh Bank, said the lawsuit would be filed in the U.S. District Court for the Southern District of New York.

Link to Reuters.

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