In the United States and the national bank of Bangladesh has reportedly filed a civil complaint against 17 entities including casino operator Bloomberry Resorts Corporation concerning the 2016 theft from its coffers of approximately $81 million. According to a Monday report from Inside Asian Gaming, the legal action from Bangladesh Bank has been lodged with the New York State Court some ten weeks after the United States District Court for the Southern District of New York dismissed a similar motion […]

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In the United States and a federal court has reportedly dismissed a civil case filed by Bangladesh Bank against a subsidiary of Manila-listed casino operator Bloomberry Resorts Corporation regarding the 2016 theft by cyber hackers of approximately $81 million. According to a report from Inside Asian Gaming, the action from the Asian nation’s state-run bank was filed with the United States District Court for the Southern District of New York in late-January of last year in hopes of recouping at […]

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In the Philippines, casino operator, Bloomberry Resorts Corporation has announced that its Bloomberry Resorts and Hotels Incorporated subsidiary has been named as a co-defendant in a lawsuit connected to the theft three years ago of $81 million from the central bank of Bangladesh. North Korean hackers: The Manila-listed firm used an official Wednesday filing (pdf) to reveal that the civil action from the state-run Bangladesh Bank was filed with the United States District Court for the Southern District of New York […]

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In the face of stiff lobbying from the gambling industry, federal legislators in the Philippines approved new rules earlier this week aimed at tightening anti-money laundering regulations for land-based casinos. According to a report from the Reuters news service, the move follows last year’s heist of the state-run Bangladesh Bank that saw around $81 million illicitly transferred from its account at the Federal Reserve Bank Of New York to the Rizal Commercial Banking Corporation electronically before disappearing via at least […]

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New rules aimed at tightening anti-money laundering regulations for land-based casinos in the Philippines could reportedly come into force later this year as Senate lawmakers look to approve their version of a bill amending the Anti-Money Laundering Act Of 2001 as early as May before sending it to the House Of Representatives. According to a report from the Reuters news service, the move follows last year’s heist of the state-run Bangladesh Bank that saw around $81 million illicitly transferred from […]

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In the Philippines, lawmakers reportedly look set to require the nation’s land-based casinos to observe more stringent anti-money laundering rules following last year’s alleged laundering of funds electronically stolen from account holders at Bangladesh Bank. The state-run Bangladesh Bank had the cash electronically pilfered from the Federal Reserve Bank Of New York in February of 2016 before around $81 million of this money was routed through the Rizal Commercial Banking Corporation and disappeared via at least two Manila casinos. According […]

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A team from the Bangladesh Bank was in Manila Monday to start the process of moving some of the $81 million pilfered from its New York Federal Reserve in February back the central bank in Bangladesh, according to a report on Reuters. In September a court in the Philippines determined that Bangladesh Bank may take possession of about $15 million that Eastern Hawaii Leisure Company casino boss, Kim Wong surrendered to the Bangko Sentral ng Pilipinas in September. Wong initially […]

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The central bank of Bangladesh has revealed that it is withholding the findings of an investigation into a February cyber theft that netted criminals around $81 million in order to avoid tipping off the “foreign perpetrators” of the hack. According to a report from the Reuters news agency, the state-run Bangladesh Bank had its funds stolen from the Federal Reserve Bank Of New York before the cash was routed through the Rizal Commercial Banking Corporation and disappeared via at least […]

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Chinese casino boss and junket operator in the Philippines, Kim Wong, has turned over $5 million, in what is believed to be stolen funds, to the Anti-Money Laundering Council. The money is the fourth and final payment of a total of approximately $81 million stolen from the Bangladesh central bank. According to Reuters, in early February money was stolen from the Bangladesh Bank’s account at the Federal Reserve Bank of New York by unidentified hackers and funneled to casinos and […]

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