New York Fed to assist Bangladesh in cyber-heist law suit


  • World
  • Saturday, 02 Feb 2019

NEW YORK (Reuters) - The Federal Reserve Bank of New York said on Friday it will provide "technical assistance" to Bangladesh Bank as it sues a Philippine bank to recoup losses, after unidentified hackers stole $81 million (62 million pounds) from its account at the U.S. central bank three years ago.

The assistance includes "meeting jointly with the relevant agencies or parties in the Philippines to strongly encourage them to assist in the recovery of stolen funds," the New York Fed and Bangladesh's central bank said in a joint statement.

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