Friday , July 12 2024

£170,000 of Sonali Bank in Myanmar banks frozen after US sanctions

The managing director of Sonali Bank Afzal Karim revealed that Sonali Bank’s £170,000 has been frozen in accounts held by two Myanmar banks due to the imposed US sanctions.

The US also asked the Sonali Bank to halt transactions with the Myanmar Foreign Trade Bank and Myanmar Investment and Commercial Bank, Afzal Karim said on Wednesday.

CVE-2024-5910
Critical Vulnerability Threatens Palo Alto Networks’ Expedition

Palo Alto Networks has issued a critical security advisory outlining numerous vulnerabilities across its product lines, such as PAN-OS, Cortex...
Read More
CVE-2024-5910  Critical Vulnerability Threatens Palo Alto Networks’ Expedition

Vulnerabilities in GitLab Allows Attackers to Execute Unauthorized Pipelines

GitLab has issued a warning about a serious vulnerability in its GitLab Community and Enterprise editions. This vulnerability allows attackers...
Read More
Vulnerabilities in GitLab Allows Attackers to Execute Unauthorized Pipelines

Adobe Issues Critical Security Patches for Various Products

Adobe released security updates to fix several vulnerabilities in their software. These vulnerabilities could be used by cyber attackers to...
Read More
Adobe Issues Critical Security Patches for Various Products

CISA Warns Hacker Use OS Command Injection Vulnerabilities to Compromise Systems

OS command injection vulnerabilities are a preventable type of weakness in software. Manufacturers can eliminate them by taking a secure...
Read More
CISA Warns Hacker Use OS Command Injection Vulnerabilities to Compromise Systems

Pakistan allows spy agency to intercept phone messages, calls

The Pakistan Ministry of Information Technology and Telecommunication has given permission to the Inter-Services Intelligence (ISI) to intercept citizens’ phone...
Read More
Pakistan allows spy agency to intercept phone messages, calls

Citrix Issues Critical Security Advisory for NetScaler

Citrix has warned users about severe vulnerabilities in their widely-used NetScaler products. These vulnerabilities, known as CVE-2024-6235 and CVE-2024-6236, could...
Read More
Citrix Issues Critical Security Advisory for NetScaler

(CVE-2024-38080, CVE-2024-38112)
Microsoft July Patch Tuesday fixes 142 flaws, 4 zero-days

Microsoft's July 2024 Patch Tuesday includes security updates for 142 flaws, including two zero-days that are actively exploited and two...
Read More
(CVE-2024-38080, CVE-2024-38112)  Microsoft July Patch Tuesday fixes 142 flaws, 4 zero-days

EXCLUSIVE
Analysis of 3 Ransomware Threats Active Right Now

Three emerging threats will be discussed below, along with how sandbox analysis can be utilized to detect them proactively. Lockbit...
Read More
EXCLUSIVE  Analysis of 3 Ransomware Threats Active Right Now

AVAST RELEASED DECRYPTOR FOR DONEX RANSOMWARE

Avast researchers found a security flaw in the DoNex ransomware and its previous versions, which allowed them to create a...
Read More
AVAST RELEASED DECRYPTOR FOR DONEX RANSOMWARE

Critical Security Advisory for Apache CloudStack

The Apache Software Foundation has warned about two serious security issues (CVE-2024-38346 and CVE-2024-39864) in Apache CloudStack, a popular open-source...
Read More
Critical Security Advisory for Apache CloudStack

ALSO READ:

Dutch-Bangla Bank to invest in digital bank

According to Afzal, the two Myanmar banks have a staggering £1.1 million in their Sonali Bank accounts. Furthermore, these funds are currently frozen and will continue to be inaccessible.

We have notified the Bangladesh Bank regarding the issue. The fate of what lies ahead now rests in the hands of the central bank.

The Bangladesh Bank spokesman, Mezbaul Haque, mentioned that the central bank will decide after reviewing a letter from the US Embassy in Dhaka.

In June, the US imposed sanctions on Myanmar’s defense ministry and the two banks used by the ruling military junta to buy weapons and goods from other countries.

The US Treasury Department stated that the military has used foreign sources, including Russian entities that are under sanctions, to buy and bring in weapons, equipment, and materials for making weapons to support its “brutal repression”.

According to the Treasury, the banks have enabled revenue-generating state-owned enterprises, such as Myanmar Oil and Gas Enterprise, to have access to the international markets.

Source: Bdnews24

Check Also

banks logo

Australian four major banks raised alarm on cyber ‘warfare’

An executive from National Australia Bank reveals that the four major banks in the country …

Leave a Reply

Your email address will not be published. Required fields are marked *