Mamoon Mahmood Shah, the Managing Director and CEO of NRB Bank, has resigned due to personal reasons. Mamoon resigned on 21 January instead of waiting until his tenure ended on 2 February. Shakir Amin Chowdhury is currently the acting managing director of NRB Bank, according to the bank’s website. “I …
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Boost Bank and AEON Bank
Two new digital banks start operations in Malaysia
The central bank of Malaysia, Bank Negara, has approved two more digital banks to begin operations. The two banks are Boost Bank, a collaboration between fintech company Boost and RHB Banking Group, and AEON Bank, a subsidiary of AEON Financial Service. In 2022, Bank Negara granted digital banking licenses to …
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European Central Bank (ECB) has announced
ECB to test over 100 European banks cyber resiliency
The European Central Bank (ECB) will test over 100 European banks on their ability to respond to and recover from cyber-attacks. The European Union’s central bank will perform its first cyber resilience stress test on 109 banks under its supervision in 2024. The test will evaluate the banks’ capacity to …
Read More »Brac Bank suspense Int’l cash withdraw
BRAC Bank stopped cash withdrawals using its cards abroad. This is to promote the use of digital and electronic payment methods and discourage cash transactions, Selim RF Hussain, the managing director of BRAC Bank, made this statement. He said that electronic debits or payments will still work outside Bangladesh, but …
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Web injections back
40+ banks affected by new malware campaign
IBM Security Trusteer researchers found a new malware campaign using JavaScript web injections in March 2023. It’s widespread and evasive, with historical Indicators of Compromise (IOCs) suggesting a possible link to DanaBot. ALSO READ: Chrome adds background scans for compromised passwords Web injections, a technique used by banking trojans, are …
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ACC file cased
3 crore embezzled from 46 accounts of Midland Bank
The Anti-Corruption Commission (ACC) has filed a case against 7 officials including a branch manager of Midland Bank for embezzling Tk 3 crore from 46 customers through fraud and deception according to local media house. On Thursday (December 21), ACC’s Gazipur district office said the assistant director of the organization …
Read More »BB dissolves National Bank board
Bangladesh Bank dissolved the Board of Directors of National Bank. On Thursday (December 21), Bangladesh Bank has issued an order to dissolve the current board of the bank and form a new board. It is known that a new board of seven members has been formed where Ron and Rick …
Read More »5 Islamic banks risk of being frozen out of certain transactions
Five Islamic banks current accounts with Bangladesh Bank are negative, but transactions are ongoing. The central bank has warned that unless the banks meet liquidity requirements within 20 days, transactions will be halted, reported Prothom Alo. According to Three prominent media reports Bangladesh Bank’s Motijheel office has recently given this …
Read More »“Onpassive”, Bangladesh bank alert fraudulent activities
Bangladesh Bank’s Financial Intelligence Unit (BFIU) warned about the fraudulent activities of the MLM company ‘Onpassive‘. BFIU issued a warning on Thursday (December 14). ALSO READ: Quishing: New Phishing Attacks Tactics Rising The intelligence unit has reported that there have been cases of large-scale embezzlement from ordinary people through different …
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Exclude 21 institutions
Bangladesh Bank released list of valid 31 audit firms
On Tuesday (November 28), Bangladesh Bank has released the list of 31 audit firms qualified to audit the financial reports of banks and non-bank financial institutions. The names of 47 institutions were last published in June 2021. Some institutions were not included in the new list due to various allegations …
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