phony transfer requests, totalling $951 million, were by now being sent via SWIFT to the Federal
Reserve Bank of New York. Okay, but why New York? Well, because the Bangladesh Bank owns an account
there with billions of dollars on deposit meant for international settlements. The details of the
requests sent from Bangladesh were to transfer the funds from New York to various accounts set up
across Asia. I'll get to that part soon. Now, with that they were done. In and out in just hours.
The next day, Friday, New York City. One of the world's biggest financial centres. The Federal
Reserve Bank of New York was busy processing Bangladesh's payment orders, or supposed payment orders.
The Fed, renowned for its security, initially had no cause to stop the transfers,because SWIFT
instructions are legitimate, they're trusted. So, oblivious to the deception, they began processing
their requests.