Congress probes NY Fed’s handling of Bangladesh Bank heist: letter

By Dustin Volz WASHINGTON (Reuters) – A U.S. congressional committee has launched a probe into the Federal Reserve Bank of New York's handling of the cyber theft of $81 million from one of its accounts held by the central bank of Bangladesh, according to a letter seen by Reuters. The letter, addressed to New York Fed President William Dudley and sent Tuesday from the House of Representatives' Science Committee, requests "all documents and communications" connected to the February heist, the bank's oversight of the global financial network SWIFT and the status of any reviews related to the Fed's information technology conducted since the attack occurred. The letter follows similar probes launched last month by Tom Carper, the Senate Homeland Security Committee's top Democrat, and Representative Carolyn Maloney, a New York Democrat.

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