New York Fed to help Bangladesh Bank chase down stolen funds

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The New York Fed

The Federal Reserve Bank of New York has agreed to help Bangladesh Bank recover funds stolen in a cyber heist in February 2016.

In a joint statement, the two institutions said they would “continue to work together” to recover the stolen funds and to “bring the wrongdoers responsible to justice”.

“To further the recovery effort, the New York Fed and Bangladesh Bank have entered into a Resolution and Assistance Agreement where the New York Fed will provide technical assistance to Bangladesh Bank

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