RCBC fires back

Just $18 million of the $81 million, which laundered in Philip

RCBC, which insists that it was also a victim, was slapped with Bangko Sentral ng Pilipinas for failing to comply with banking

“The Bangladesh Bank has taken a decision … We haven’t so far taken any steps as the Philippines government was taking care of it,”

Reuters quoted him as saying,

RCBC called the statements “extremely irresponsible” and said Bangladesh should be compelled

“At least from five reports — SWIFT; FireEye, an international cyber security outfit; - ister; its government-appointed panel; and a Bangladeshi expert — point to a conclusion that somebody inside BB (Bangladesh Bank) would have made the heist

It also claimed that Bangladesh switches, making the bank vulner trial runs in January last year but apparently the monetary authority did nothing to protect its system,

The lender added that based on reports, Bangladesh Bank had terminated its contract with Fire

“Bangladesh police investigated some BB people but only for neg know if anybody has been taken

“BB should stop making RCBC everything it legally could to the Senate and to the Bangko Sentral ng Pilipinas; BB, however, has

On the issue that Bangladesh Bank wants RCBC to return the missing money, the lender replied: “If it was stolen by your actually a victim of BB’s negli

RCBC said it received the funds in good faith because the transactions were cleared and authenticated by the New York Fed and SWIFT, whose secure communications system is used

Three global banks — Citibank, New York Mellon and Wells Fargo — remitted the funds

among the most sophisticated in the world and their remittances are accepted as a matter

RCBC said Bangladesh Bank belatedly requested that the email, not the Code Red message

“This resulted in their message being bunched with thousands of ordinary messages RCBC receives from all other banks all over the Code Red, we would have caught it,” RCBC said, adding that Bangladesh Bank did not reach out

Hackers sought to steal around $2 billion from the Bangladesh Bank’s account but the New York Fed managed to block all million ( since recovered) went to Sri Lanka and $81 million was

Money laundering charges have been filed against the RCBC branch’s manager, Maia Deguito, who claims the transactions were cleared by top treasurer, Raul Tan, resigned in