Ashlyn Anderson, Rachel Brown, Lincoln Davidson, Ariella Rotenberg, Gabriel Walker, and Pei-Yu Wei look at five stories from Asia this week.
1. Bangladeshi bank chief resigns after $101 million cyber theft. The governor of Bangladesh’s central bank stepped down in the wake of a financial heist involving hackers, casinos, and multiple Asian nations. In early February, $81 million were transferred electronically from Bangladesh’s Federal Reserve Bank of New York account to the Philippines, mainly to accounts at the Rizal Commercial Banking Corporation. The funds were eventually laundered through casinos, which are not required to adhere to some of the nation’s money-laundering regulations. Read more »