Bangladesh reassured of PH help to recover stolen money

Bangladesh reassured of PH help to recover stolen money

MANILA —  The Philippines has reiterated that it is committed to help Bangladesh recover through proper legal procedures the $81 million robbed from its central bank by cybercriminals let February, which made its way into the domestic financial and gaming sectors.

“We want to assure you that the Philippine government, including all its instrumentalities from the Central Bank, the DOJ [Department of Justice], DFA [Department of Foreign Affairs], and of course the AMLC [Anti-Money Laundering Council], are 100-percent behind you …  We want to assure you that we will do everything that we can to assist you,” Finance Secretary Carlos G. Dominguez III told Bangladesh’s Ambassador to the Philippines John Gomes in a recent meeting.

Dominguez nonetheless reminded Gomes that “recovery efforts would have to go through the proper legal procedures for Bangladesh’s own protection so that no other party could contest its rightful claim to this stolen money in the future,” the Department of Finance (DOF) disclosed in a statement.

source : Inquirer