The high hope emerged based on the early signs of investigation by the Philippines authorities into the US$81 million cyber heist of Bangladesh Bank reserve.
“The Rizal Commercial Banking Corporation (RCBC) is likely to be liable,’’ Bangladesh Bank (BB) Governor Fazle Kabir told a programme at Bangladesh Bank headquarters in Dhaka today, giving an update on the progress of investigation.
He said the Philippines central bank has been conducting a massive investigation over the reserve heist which is now at the last stage.
Hackers stole the money from the Bangladesh Bank’s account with the Federal Reserve Bank of New York on February 4.
Kabir said the Anti Money Laundering Council (AMCL) of Philipines would take action against RCBC following the investigation report. “If AMCL could properly liable the Philippines bank, Bangladesh Bank will get back the full amount of stolen money.”
He said Bangladesh Bank remained in constant touch with the governor of Philippines central bank while AMCL has already identified some individuals who are involved with this heist and the authorities ceased their assets.
He expected that Bangladesh Bank will soon get $15.25m back through the AMCL and the rest after completion of the investigation.
Unknown hackers allegedly used SWIFT credentials of Bangladesh Bank employees to send more than three dozens of money transfer requests to the Federal Reserve Bank of New York, asking to transfer millions of the Bangladesh Bank’s funds to bank accounts in the Philippines, Sri Lanka and other parts of Asia.
They managed to send $81 million to the RCBC via four different transfer requests and $20 million more sent to Pan Asia Banking in a single request.