The corner stone of The New York Federal Reserve Bank is seen in New York's financial district March 25, 2015. The Federal Reserve should remain on track to raise interest rates later this year despite the U.S. economy's weak start to the year and a stock market sell-off this week, two Fed officials said on Thursday. REUTERS/Brendan McDermid - RTR4V0ES
After an US$81mil (RM327.20mil) cyberheist at the Bangladesh central bank, the Federal Reserve Bank of New York said there was no problem with its procedures for approving fund transfers, according to a letter released on May 13 by a US lawmaker who had questioned those methods.
US Representative Carolyn Maloney had called for a probe of the fund transfers triggered by the February cyber attack on the Bangladesh central bank.
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