100 million dollars huh. Can you just imagine what sort of good could be done with that sort of money if only it could just land in the right hands for once. It is amazing how much greed we can have in this world, but I cannot say that I am surprised, which is a sad thing. Maybe one day we will hear about money being used for good.
For me, the issue is not much of money laundering but more of the cyber stealing. How can hackers get inside the computer system of the bank and pull out almost a million dollars? And worse, they were able to funnel the money in a foreign bank. Would you believe that those hackers were working alone? Surely they have accomplices in the bank and also in the conduit bank where they laundered the stolen money. Maybe software designers have to change their style to prevent such hacking and stealing of money via the internet.
So now Sri Lanka is also added into the picture as what is stated in baudwalk's link. On following the developments and revelations with this case, a question in my mind still hasn't been answered yet. Maybe some of you have the answer to this - I have been wondering why of all the countries and banks in the world, why the Bangladesh Central Bank? Does it mean their system was the easiest target if the hackers were international ones or are the hackers locally from Bangladesh?
http://www.reuters.com/article/us-usa-fed-bangladesh-philippines-idUSKCN0WV1N7 The story continues to evolve. Apparently Phillipine law prohibits revealing anything about the bank accounts, even though the accounts were opened with false documents, and Senator are frustrated. Interesting, indeed.
After a flurry of headlines, the case involving money laundering and a bank heist involving, at a minimum, the Phillipines, Sri Lanka, Bangladesh, China and the US seemingly went quiet a month ago. It now appears Chinese hackers are involved -- http://www.reuters.com/article/us-usa-fed-bangladesh-philippines-idUSKCN0X2190 -- and the US authorities are investigating -- http://www.philstar.com/headlines/2016/04/09/1571000/us-interested-81-m-money-laundering-case -- the case. I haven't seen any further stories in the latter half of April. The reporting on the Philippines' Senate investigation seems to have fallen into a black hole, never to be heard from again. I guess we will have to wait for the movie to learn the conclusion of the story.
A month-and-a-half after the last round of headlines -- no one seems to be closely following up on events -- U.S. regulators warn banks of a cyber security threat. Very timely. Not. http://www.reuters.com/article/us-cyber-heist-regulator-idUSKCN0YT25H I guess there won't be a movie, so we will never know.
