New York Fed questioned after hack on Bangladesh account

Attention increasingly has focused on suspected weaknesses in the Bangladesh central bank's cybersecurity.

"We've received the order and will comply with it", he said.

A Sri Lankan court banned foreign travel by six directors of a foundation that police say was remitted some of the $101 million stolen in the hacking of Bangladesh Central Bank's account at the Federal Reserve Bank in NY.

Sri Lankan authorities are continuing to investigate the foundation's directors, identified as H.G. Shalika Perera, Miyurin Ranasinghe, Pradeep Rohitha, Shantha Nalaka Walakuluarachchi, Sanjeewa Tissa Bandara and Shirani Dhammika Fernando.

The document sheds new light on Bangladesh Bank's interpretation of the cyber-heist.

The incident has led to the resignation of Bangladesh's central bank governor Atiur Rahman. However, the remaining $81 million was wired to accounts in the Philippines. The New York Fed has faced separate political criticism since the financial crisis for missteps and perceived conflicts of interest in its role as the central bank's top Wall Street regulator.

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"To date, there is no evidence of any attempt to penetrate Federal Reserve systems in connection with the payments in question, and there is no evidence that any Fed systems were compromised", the bank said in a statement.

Through these accounts, the Fed provides foreign central banks with payments services that allow them to send and receive USA dollars through the Fedwire Funds Service.

"The payment instructions in question were fully authenticated by the SWIFT messaging system in accordance with standard authentication protocols", it said in a March 9 statement.

Quoting press reports, the U.S. politician said the New York Fed requested reconfirmation from the BB of all 35 transfer orders, but executed the first five transfer orders without receiving any reconfirmation.

The Bangladesh Bank interim report also said the bank was considering "preparing the ground to make a legitimate claim for the loss of funds" against the New York Fed "through a legal process".

The agency refused to green light the other 30 transfer orders worth $850 million, but, instead, asked for reconfirmation from Bangladesh Bank. Though four transfers were made to Sri Lanka and the Philippines, a fifth was stopped by Deutsche Bank, as a misspelling alerted the bank's officials.