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Philippines returns $15m of stolen cash to Bangladesh

( November 14, 2016, 07:57 GMT | Insight) -- The Philippines' Anti-Money Laundering Council last week returned $15 million in cash to Bangladesh, nine months after it was transferred to Manila in the region's biggest cross-border heist, Business World Online reports. The Philippines' Anti-Money Laundering Council last week returned $15 million in cash to Bangladesh, nine months after it was transferred to Manila in the region's biggest cross-border heist, Business World Online reports. The Manila Regional Trial Court had ruled on Sept. 16 that the money belonged to Dhaka. Hackers reportedly transferred $81 million from Bangladesh Bank's account at the New York Federal Reserve to four accounts at Rizal Commercial Banking Corp on Feb. 5, and the money was then moved through various casinos. The notorious case has exposed major gaps in Philippine laws related to money laundering.  ...

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