Bangladesh sent letters to re­trieve money

The Pak Banker - - FRONT PAGE -

The fi­nan­cial sys­tems across the world were left in awe, af­ter cy­ber crim­i­nals stole $81 mil­lion from Bangladesh's cen­tral bank, last month. The rob­bery has in­fa­mously be­come one of the big­gest cy­ber heists ever, re­mem­ber­ing ev­ery­one how vul­ner­a­ble are the world's fi­nan­cial sys­tems to cy­ber at­tacks.

The Bangladesh Bank, which had lost $81 mil­lion kept in the New York Fed­eral Re­serve's, is now send­ing letters to US Fed and Philip­pines in or­der to re­trieve the money lost. Ac­cord­ing to BD­News24, Bangladesh Bank spokesper­son Shub­hankar Saha told that the letters were sent af­ter new Gover­nor Fa­zle Kabir joined.

Saha said the letters were sent to the US Fed­eral Re­serve Sys­tem Chair Janet L Yellen, Philip­pine cen­tral bank Bangko Sen­tral ng Pilip­inas Gover­nor Amando M Te­tangco Ju­nior, the coun­try's Anti-Money Laun­der­ing Coun­cil chief Ju­lia Ba­cay Abad, and Bangladesh's Per­ma­nent Rep­re­sen­ta­tive to the UN Ma­sud Bin Mo­men.

"The process to re­cover the money by com­mu­ni­cat­ing with peo­ple con­cerned on phone is also on," he added. The Bangladesh's cen­tral bank has also is­sued a cir­cu­lar to ap­point two deputy gov­er­nors. Pre­vi­ously, the Bangladesh gov­ern­ment sacked two deputy gov­er­nors af­ter the then gover­nor Atiur Rah­man re­signed in the face of im­mense pres­sure fol­low­ing the cy­ber theft.

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