 | Bangladesh's central bank will file a lawsuit in New York against a Philippine bank over the world's largest cyber heist. Unidentified hackers stole $81 million in February 2016 from the Bangladesh central bank's account with the US Federal Reserve in New York.
The money was transferred to a Manila branch of the Rizal Commercial Banking Corp (RCBC), then quickly withdrawn and laundered through local casinos. Bangladesh Bank lawyers are expected to file a joint lawsuit against the RCBC with the US Federal Reserve.
| In 2016 the Philippines imposed a record $21 million fine on RCBC after investigating its role in the cyber heist. |