The Bangladesh Bank building at Motijheel Mehedi Hasan/ Dhaka TribuneThe US Court “further declined to exercise its supplemental jurisdiction over the remaining state law claims”A New York court dismissed conspiracy charges filed by Bangladesh Bank against Rizal Commercial Banking Corp (RCBC), certain individuals and firms alleging conspiracy in relation to the $81-million cyber-hacking case and money laundering case in 2016. The casino operator said a March 20 opinion from the US court granted the motion to dismiss charges filed by defendants for Dhaka's failure to prove the conspiracy claim. The funds were wired during a long weekend, which left no time for regulators to block the transactions. The funds were withdrawn, converted into pesos and eventually into poker chips, and gambled in casino tables, where the money trail vanished. Later the Philippines’ banking regulators imposed the single biggest monetary penalty in their country’s history, slapping RCBC with a $21.2-million fine in the wake of the cyberheist.

Source: Dhaka Tribune March 23, 2020 10:18 UTC