Congress launches enquiry into Bangladesh bank heist

A US congressional committee has begun a probe of how hackers managed to divert $101 million from Bank of Bangladesh accounts held at the Federal Reserve in New York, which was subsequently laundered through Manila casinos.

In a letter to the Fed’s president dated Tuesday, the Science Committee in the US House of Representatives asked for “all documents and communications” about the cyberattack and the security of the Fed’s SWIFT Alliance Access money transfer system, according to media report.

 The Bangladesh Bank later recovered some money from a Sri Lankan bank and from a Chinese casino junket operator based in the Philippines.