The Finance Department on Thursday assured Bangladesh it fully supports efforts to recover $81 million worth of funds lost in a cyber heist in February. Finance Secretary Carlos Dominguez III told retired Bangaldesh Ambassador to the Philippines John Gomes the Philippines was giving its “100 percent support” to recover the funds. “It’s a blessing that you have been able to give us your time, especially you have brought the AMLC, DFA, and DoJ, all here. The DoJ filed a petition before the Manila court seeking the forfeiture of $15 million in favor of Bangladesh. The DOJ was assisting Bangladesh in recovering the funds under the UN Convention on Transnational Organized Crimes, where the Philippines and Bangladesh are signatories, Paras added.

Source: The Standard September 07, 2016 15:22 UTC