$81 million were successfully<\/a> withdrawn from the country’s account. A total of $951 million in withdrawals were scheduled, but an official at the Federal Reserve became suspicious after noticing a spelling error on one of the requests.<\/strong><\/p>\nBangladesh was notified and told US authorities they weren’t withdrawing the money.<\/p>\n
An international investigation determined that some of the stolen funds were laundered through the Solaire Resort and Casino in Manila, Philippines. Only $18 million of the $81 million withdrawn has been covered. It’s suspected that hackers in North Korea working for their government were behind the operation.<\/p>\n
Bloomberry Resorts, parent company to Solaire, is being sued in the US by the Bangladesh state-run Rizal Commercial Banking Corporation on allegations that the casino failed to adequately protect against money laundering.<\/p>\n","protected":false},"excerpt":{"rendered":"
The United Nations (UN) says Southeast Asia casinos are prime vehicles for organized crime groups to launder large volumes of illicit money due to their lack of regulatory oversight and weak security safeguards. The UN concludes in its report “Transnational Organized Crime in Southeast Asia: Evolution, Growth and Impact 2019” that casinos are being regularly […]<\/p>\n","protected":false},"author":25,"featured_media":109566,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18943],"tags":[],"acf":[],"yoast_head":"\n
UN: Southeast Asia Casinos 'Perfect Partner' for Organized Crime Groups<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n