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tv   Do South Koreans Want Unification  Al Jazeera  May 26, 2018 7:32am-8:01am +03

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gone missing in the south of the country after they were allegedly picked up during a search for al qaeda fighters american officials say that u.s. forces have been involved in the interrogation of detainees in yemen but deny they took part in human rights abuses. brazil's president has ordered the military to clear the highways of truck drivers who are protesting about the increasing price of diesel the government has reached an agreement with the drivers union but some are refusing to back down the blockades led to shortages of fuel food and medical supplies the russian president vladimir putin has dismissed accusations that russia was behind the shooting down of a malaysia airlines flight over ukraine four years ago which killed two hundred ninety eight people australia and the netherlands say they hold moscow legally responsible that comes after international investigators control clue to the missile system used in the attack was provided by a russian army brigade those are your headlines the news continues after one of one east i will see you very soon up. big stories generate thousands of
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headlines with different angles from different perspectives separate the spin from the facts that's why i'm guy. with the listening post on al jazeera. it was a very real. tens of millions of dollars stolen from bangladesh's central bank via the federal reserve bank of new york and then laundered in the philippines. the money and the thieves then bent. and steve on this episode a one on one east we investigate one of the biggest bank robberies a modern times and ask how the cyber hackers got away with it. well you covered it. our governor.
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jacka the capital of bangladesh. at teaming chaotic city and one of the world's poorest. seventeen million people live here assertive then surviving on less than two dollars a day. bangladesh has one of the world's fastest growing economies. it's a country on the up but one that could ill afford to lose more than eighty million dollars of taxpayers' money. bangladesh bank the country's central bank is at the heart of its economic system. it overlooks a busy roundabout inductors financial district. high walls and tight security to stop anyone getting in who shouldn't be there but sometimes physical barriers aren't enough. for this heist nobody broke in and nobody took anything away in
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crime was perpetrated electronically. on the evening of service day february the fourth twenty sixteen the start of the weekend in muslim bangladesh most of the central bank staff had gone home the building was secure but intruders were already inside. in the interim report experts commissioned by bangladesh bank said a malicious program was installed on the bank's computer systems where possibly delivered virus infected emails collected passwords and usernames and covered its own tracks. investigators say they found considerable evidence that the hackers used the bank's credentials to access swished international messaging system used to send money around the world the hackers then generated search the five requests
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to transfer funds from bangladesh bank's account with the federal reserve bank in new york the orders came close to a billion dollars. most of the requests were blocked but ford did get through and as a result almost eighty one million dollars was sent to accounts at a bank called fast c.p.c. thousands of miles away in the philippines i couldn't believe it. because nothing like that even a smaller thing like that never happened so i was dumb and actually of course for a while actually was the governor of the bank when its systems were compromised and the money was stolen you know i'm not blaming swift i'm not blaming fed i'm not blaming bangladesh bank but and this was not strong enough to really we stand that kind of at. all. institutions touched by
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the heist have denied they were told for the losses they have however taken steps to improve security. police headquarters in downtown dhaka detectives here are working with all sorts easy in other countries in what has become an international investigation they've yet to confirm how the hackers got into the system or we will think all the data and helping us. is helping us and we are trying to find out. about cancun theme. maybe some investigators are sifting through ten terabytes of data in the hunt for a smoking gun that might identify the culprits though no bank insiders have been charged over the heist police say they must fully investigate the possibility. that
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maybe a bank employee. yes. thank you dish bank denies that anyone on the inside was involved and also denies negligence the police have not charged anyone from bangladesh bank in relation to the heist. to find out more i contacted one of the private sector cyber security companies that have investigated the methods used by the hackers what were your thoughts when you heard that this central bank had been hacked early indicators show that this they likely got into some sort of spearfishing that basically sent an e-mail to someone and then that person basically clicked on that e-mail and had their computer system now they are going after what's called the swift terminals these are the terminals or computers that are responsible for conducting large bank transfers between organizations or even countries it's basically their modifying the applications on the computer that has so. been hijacked and remember those
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computers are actually inside the bank this is a case where this institution was compromised more so than anything swift specific . in bangladesh the investigation into who stole the eighty one million dollars continues but it's quite possible that the hackers may actually have never set foot in the country. missing millions were sent overseas and i'm following the money trail to the philippines electronic wire transfer became cherish. i've come to manila it's one of the fastest growing cities in asia. business district has expanded substantially over the last decade but its banking sector operates under unusually strict secrecy little that includes the institution which helped turn the transfers from bangladesh into cash it was by sending money here
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that the thieves effectively made their getaway eighty one million dollars of bangladesh banks funds ended up in this local branch of a bank called aussie b.c. and they did it using bank accounts that had been opened months earlier using fake i.d.'s and since lane in active hackers it said payment requests from bangladesh bank to the new york fed on thursday and by friday the money had hit accounts that are c.b.c. in manila. it was then moved between an array of other accounts controlled by a remittance company called phil rem some of it was converted into philippine pesos over a period of ten days the money was transferred elektra likely and in cash and channeled into manila's casino industry. the accounts here on jupiter street were a vital clue for investigators they were crucial for laundering the money and someone had set them up using false names and fake credentials the question is who
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. the philippine senate held an inquiry into the laundering of the proceeds of the heist. it heard that the accounts were opened by the manager of the r c b c jupiter street branch a woman called my a. good bill good to appear on your honor i really value the truth she says she opened the accounts for this man a manila casino owner and agent she'd known for several years called kim wong who also gave evidence at the inquiry. my degree cho declined to be interviewed for this program but she testified to the inquiry that she had actually met four people whose names were on the accounts she's been represented by a lawyer who has an unusual taste in our us mr wong vouch for the way that it is
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for sent the documents. which showed their identities and requested her to open an account in her bribed on behalf of these five individuals. with the promise that. a substantial amount would come in the would be stuck out one hasn't been formally charged over the heist but is subject to civil action he denied to get his version of events and denied knowing that the money was stolen while love canal amounts up but taking on the commands bought up omar so numpad us a bunch up in the uk in equal i'm in no none none to give one million dollars see my young big eight lung. the mumbling comes some forty million but i'm new for
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a call came i you may know. i'm on a guitar the book. bank was fined close to twenty million dollars for failing to comply with banking regulations and its chief executive and president resigned. the bank said it accepted the findings of the regulator and wants to move on the company's lawyer says meyer to quito was a rogue employee branch manager who says she was naive that she was a pawn in a much larger plan which she didn't clearly understand at the time i disagree with that she knows the banking system history of all the policies of the bank she knew about the cards she set it up she was obviously waiting for the funds to be credit and when it was credit that she acted with like. getting this accounts out of the beneficiary of the other accounts. the senate report documented the timing of the
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payments many were made within minutes of each other. lawyers say that when funds were received on february the fifth she confirmed the legitimacy of the remittances with our c.b.c. head office and received e-mails confirming they were from valid sources a legal team say she didn't have all thirty to unilaterally prevent transfers and their client was told there was no reason to hold the phones following an investigation by anti money laundering or forest the a m l c the philippine department of justice has recommended that my be charged with eight counts of money laundering legal team is trying to quash the charges against her but if the case goes ahead she will plead not guilty. series year was many a former philippine senator who sat on the committee looking into the heist says he doesn't believe seven days of testimony uncovered the whole story we couldn't quite
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get her to explain everything because we did not give her witness protection program. when the money left it was paid to accounts at the fil rember emittance company still room was run by michael and. they along with kim wong and the company that owns a casino called solaire are the subject of pending legal action by money laundering authorities to try to recover some of the stone money jim long and solaris say they are complying with the authorities the protesters have not responded to our request for comment. one stumbling block for the senate inquiry was the unusually high level of privacy afforded to bank accounts the philippines along with switzerland and lebanon has one of the most secretive banking sectors in the world can wall bank account we couldn't get a feel left back account we couldn't get it why. bank
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secrecy act it stopped us from getting the whole picture in the money because we couldn't get the the. bank accounts of anybody almost fifteen million dollars has been recovered according to the official philippine senate report some of it handed over by kim wong who denied knowing it was stolen the m.l.c. says phil rem still holds seventeen million dollars of the stolen money and this suing for its return the company denies it has the money. almost fifty million dollars has been traced to casinos and gambling junket operators according to the m.l.c. investigation none of that sixty seven million has been recovered. the casinos were used for turning the electronic money transfers into hard cash there's been no inference they knew the funds were stolen they weren't covered by money laundering
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laws at the time and weren't required to record large transactions. as many as committee the heist exposed serious flaws and they were floors that were predictable. specially in two thousand and ten when when they were going to develop before here when they did that ahead he. we updated our money laundering law because he's gonna be very bad for a. senate inquiry made more than a dozen recommendations which included extending money laundering laws to casinos and making it easier to access information about bank accounts. new laws covering the casinos were passed in july twenty seventeen and earlier that year the philippines appointed a new central bank governor who vowed to make it harder for dirty money to enter the financial system. says he found it hard to get politicians to act
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we have the strictest bank secrecy law in the world and i can't get any of my congressmen to. new york city one of the world's biggest financial centers and home to one of its most important financial institutions. the federal reserve bank of new york or defect its manhattan headquarters sit on top of five hundred and eight thousand gold and it handles around eight hundred billion dollars of payments every day. reports on its activity which moves markets around the world.


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