US suspects N Korea in $81 mn Bangladesh theft: report

US suspects N Korea in $  81 mn Bangladesh theft: reportUS federal prosecutors suspect the North Korean government directed last year’s theft of $ 81 million from Bangladesh’s account at the New York Federal Reserve Bank, according to a media report Wednesday. Citing unnamed sources, The Wall Street Journal said prosecutors were developing cases showing Chinese middlemen helped the North Korean government orchestrate the enormous theft from the Bangladesh central bank. In February 2016, thieves transferred the funds from Bangladesh’s account at the New York Fed to accounts in the Philippines using authenticated international bank access codes in the SWIFT system, not by hacking the bank.



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