Philippines to Hold Banks `Accountable' for Role in Cyber Heist

Updated on
  • Theft of $81 Million of Bangladeshi reserves is under inquiry
  • Banks remiss in duties will be held responsible, official says

Nestor Espenilla.

Photographer: Veejay Villafranca/Bloomberg

The Philippines will hold accountable any bank or banker found responsible or remiss in their duties in the $81 million cyber heist of Bangladeshi foreign reserves that wound up in the Southeast Asian nation’s financial system, officials said.

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