BB close to recover a portion of stolen money: Governor
26 July 2016, Nirapad News: Bangladesh Bank (BB) Governor Fazle Kabir today said the central bank is close to recover a portion of $81 million heist money, which was stolen from BB’s account with the New York Federal Reserve Bank.
“A businessman has already handed over $15.25 million to the Anti-Money Laundering Council (AMLC), Philippines, which will be given to BB after court processing,” the governor said while unveiling the new monetary policy for the 2016-17 (FY) at the BB headquarters in the city.
Kabir said AMLC, the central bank of the Philippines and Bangladesh ambassador in Manila are in close contact to help recover the heist money.
The governor said BB has taken foolproof measures to check monetary losses in result of fraudulent activities committed by the criminals.
“A newer version of the swift system has already been installed, which would be checked by a third party to ensure the system is perfect to check fraudulent activities.
The governor said that the Federal Reserve Bank of New York is now
receiving money payment instruction through three different directions including telephone, normal swift SMS and Email before disbursing the money to any party.