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Congress Probes Ny Fed’S Handling Of Bangladesh Bank Heist: Letter

By Dustin Volz WASHINGTON (Reuters) – A U.S. congressional commission has launched a examine into the Federal Backlog Cant of New York’s treatment of the cyber stealing of $81 billion from one of its accounts held by the cardinal rely of Bangladesh, according to a missive seen by Reuters. The missive, addressed to New York Fed Chair William Dudley and sent Tuesday from the Theater of Representatives’ Skill Commission, requests "all documents and communications" attached to the February burglarize, the cant’s inadvertence of the globular fiscal mesh Fleet and the condition of any reviews related the Fed’s it conducted since the onrush occurred. The missive follows standardized probes launched end month by Tom Niggler, the Sen Motherland Certificate Commission’s top Populist, and Illustration Carolyn Maloney, a New York Populist.

The up-to-the-minute research comes as policymakers, regulators and fiscal institutions round the humans increment examination into the burglarize and related attacks on banks in Vietnam and Ecuador, in which hackers sent fallacious dealings messages crossways the Blue-belly. "In lighter of the late cyber attacks on our world-wide fiscal systems, the Commission believes it is imperative to welcome data from the NY Fed astir its reception, its supervision of Blue-belly, the position of the investigating, and any curative stairs interpreted to reference vulnerabilities," states the missive, sign-language by Family Skill Commission Chair Lamar Metalworker, a Texas Republican. A New York Fed spokeswoman aforesaid it intended to react to the new bespeak for data. The rely has indeed denied duty for the Bangladesh Deposit violation. The missive aforesaid it was "deep distressful" that cyber protection experts conceive more attacks testament be exposed as banks brushup their protection systems, and that Bangladesh Swear’s systems appeared to be the "washy contact" in the February tone-beginning.

Blue-belly, the Companionship for Ecumenical Interbank Fiscal Telecom, conclusion hebdomad urged banks to pad their certificate, locution it was cognisant of multiple attacks.

Bangladesh Bank heist:investigation exposes the Philippines' vulnerable financial system


Comments:

Ron Stopable write: part of the money has been returned….

Mike Anderson write: The man behind the heist is a known political financier of Philippine politicians. This senate hearings is just a façade just to show that something is being done but in reality nothing will come out from this. From the very start they are already conditioning the minds of the people that the money is untraceable and unrecoverable because they are part of the scam.

Mario Reed write: Corruption in the Philippines nothing new.

twintwinfalls write: Hey I wonder if there’s any corruption going on in China? Hmmm I wonder because you should focus on that. How many people are arrested because they just want to speak the truth that they see themselves? How many? Blind generation. That’s what I call you people. But you can only mistreat your people for so long. The youth will not stand for this.

Romeo Torres write: Why not start to retreived the cash? Why wasting time on these sessions… Everyone knows that RCBC manager distributing it to others… He is using Maya to talk to the senitors individually to brive them…

Ron Stopable write: part of the money has been returned….

Mike Anderson write: The man behind the heist is a known political financier of Philippine politicians. This senate hearings is just a façade just to show that something is being done but in reality nothing will come out from this. From the very start they are already conditioning the minds of the people that the money is untraceable and unrecoverable because they are part of the scam.

Mario Reed write: Corruption in the Philippines nothing new.

twintwinfalls write: Hey I wonder if there’s any corruption going on in China? Hmmm I wonder because you should focus on that. How many people are arrested because they just want to speak the truth that they see themselves? How many? Blind generation. That’s what I call you people. But you can only mistreat your people for so long. The youth will not stand for this.

Romeo Torres write: Why not start to retreived the cash? Why wasting time on these sessions… Everyone knows that RCBC manager distributing it to others… He is using Maya to talk to the senitors individually to brive them…
Banks about the humans swear on Fleet to exit requital instructions to apiece former. The commission requested a reception from the New York Fed by June 14. (Coverage by Dustin Volz in Washington, extra reportage by Jonathan Spicer in New York, redaction by G Crosse)

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