Guidelines on Internal Control & Compliance for Banks were issued by the central bank on March 8, 2016, which recommended the commercial banks to take insurance as a risk mitigation measure. Such insurances are not over-the-counter products, and must be customised as per each bank's unique exposures.

US Congresswoman Carolyn B Maloney has raised some serious questions about the New York Federal Reserve Bank's actions regarding the $101-million heist from the Bangladesh Bank account.

The Anti-Money Laundering Council (AMLC) files a criminal complaint against two Chinese businessmen allegedly involved in the laundering through the Philippine financial system of $81 million stolen by mysterious computer hackers from the central bank of Bangladesh last month.

The “technology expert” who was missing for nearly a week after speaking to the media over cyber heist at Bangladesh Bank has been found from Dhaka.

The Bangladesh Bank was denied prompt responses from the intermediary banks and due diligence from the Federal Reserve Bank of New York, which would have raised the stakes of recovering a major chunk of the $81 million stolen by hackers.

Cyber thieves might have found it easier to break into the Bangladesh Bank system after its local area network (LAN) was connected with its SWIFT operation, according to central bankers and investigators.

Philippine regulators are reviewing foreign exchange rules to prevent money launderers from using the black market, the Philippine Daily Inquirer reports.

US cyber security firm FireEye, which is charging Bangladesh Bank $400 an hour to probe the $101 million heist, is hunting for a malware that it believes is still hiding in the bank's network.

The new governor of Bangladesh Bank Fazle Kabir starts his first day at work this noon, four days after he was appointed governor of the central bank by the government.

Two engineers of the Society for Worldwide Interbank Financial Telecommunication (SWIFT) starts investigation into their own system in the Bangladesh Bank.

Maia Santos-Deguito is not telling investigators the truth behind the money laundering of US$81 million that has once again put the Philippines on the map of notorious countries.

Inspector General of Police AKM Shahidul Hoque has said if needed, help would be sought from the international agencies dealing with money laundering, for unveiling the clue to the $101 million cyber heist at Bangladesh Bank.

The meeting between police’s Criminal Investigation Department (CID) and US’ Federal Bureau of Investigation over the cyber heist of Bangladesh Bank’s account deferred to Sunday.

Twenty million pesos believed to be part of the $81million funds stolen from Bangladesh Bank was allegedly loaded onto the vehicle of the branch manager of Rizal Commercial Banking Corporation, a witness told a Senate hearing in the Philippines yesterday.

About 10 million bank clients are potentially easy victims of fraudulent charges to their debit and credit accounts because they are using the vulnerable magnetic stripe cards.

An “IT expert”, who talked to different media as a cyber security specialist after the recent heist from Bangladesh Bank account, has been missing since Wednesday night, family claims.

A 20-million peso (US$4.31) lakh cash believed to be part of the $81-million stolen funds from the Bank of Bangladesh was allegedly loaded to the vehicle of Maia Santos-Deguito, the branch manager of Rizal Commercial Banking Corp. (RCBC), a witness tells a Senate hearing.

The Philippines risks becoming the money-laundering capital of the world unless casinos are included in the coverage of the Anti-Money Laundering Act, according to Philippines Senator Miriam Defensor-Santiago.

There is a “very low” chance that the government will be able to retrieve the $81 million stolen from the Bangladesh central bank because the money is now likely outside the country, Philippine senator says.

The former Bangladesh Bank (BB) governor must be lauded for taking the moral responsibility for the bank's financial mishap that led to a US$101 million heist from BB account at the New York Fed.