Bangladesh Bank

(redirected from Central Bank of Bangladesh)

Bangladesh Bank

The central bank of Bangladesh. It is responsible for issuing the Bengali taka and setting the country's monetary policy. In setting its policies, the Bank is required to attempt to maximize employment, productivity and real income. It was established in 1971.
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The central bank of Bangladesh has called on seven banks in the nation to bring down the level of their soaring bad loans.
(RCBC) has slapped the central bank of Bangladesh with a defamation suit at a local court, complaining of what it described as 'baseless' allegations of complicity in relation to the $81-million cyberheist that victimized Bangladesh Bank in 2016.
The Central Bank of Bangladesh estimates that the country received almost $15 billion in remittances in 2017.
The charges also alleged that the North Korean hacker broke into the central bank of Bangladesh in 2016, according to a criminal complaint, said Reuters.
The central bank of Bangladesh issued guidelines for Islamic Banking as early as 2009, and Nigeria's central bank did the same with guidelines on Shariah governance for what it calls non-interest financial institutions.
With the assistance of International Enterprise (IE) Singapore, which facilitated the connections and discussions with the central Bank of Bangladesh, this partnership with TransferTo brings in a new, first-of-its kind money transfer concept to Bangladesh.
The NIS found that the malware used in hacking the exchanges was made with the same method as malware used in hacking Sony Pictures and the central bank of Bangladesh in 2014 and 2016 respectively, the Chosun Ilbo reported.
Lazarus is the cyber gang believed to be behind massive breaches including the Sony Pictures hack in 2014 and the multi-million cyber robbery against the Central Bank of Bangladesh last year.
The report fingers North Korean hackers for the (http://www.ibtimes.com/north-korea-linked-bangladesh-bank-heist-fbi-may-charge-reclusive-nation-multimillion-2513645) theft of $81 million from the central bank of Bangladesh .
The Lazarus hacking group has been involved in multiple cyber attacks in the past, including - the attacks against Sony Pictures in 2014, the Central Bank of Bangladesh cyber heist in 2016 and a subsequent series attacks in 2017.
In February this year, $81 million was stolen from the central bank of Bangladesh. A commercial bank in Ecuador said it was held up for $12 million last year, while a bank in Vietnam said criminals tried, and failed, to steal $1.1 million in what experts say may have been a practice run for Bangladesh.
Most notably, in February cyber criminals stole $81 million from the central bank of Bangladesh's account at the New York Fed.
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