A Fed spokeswoman said instructions to make the payments from the central bank’s account followed protocol and were authenticated by the SWIFT codes system. There were no signs the Fed’s systems were hacked, she said.

A Bangladesh official said the Fed should’ve checked the payment orders with the central bank to ensure they were authentic, even if they used the correct SWIFT codes. The official also said there are plans to take legal action against the Fed to retrieve missing funds.

In the Philippines, the gaming regulator said it is investigating reports that as much as $100 million in suspicious funds were remitted to the bank accounts of three casinos it didn’t identify.

The probe highlights a potential weakness in Filipino attempts to stamp out money laundering that arose after lawmakers in 2012 succeeded in excluding casinos from the institutions required to report suspicious transactions to the Anti-Money Laundering Council. The country is at risk of rejoining a “ gray list” of countries that aren’t doing enough to fight laundering, Teresita Herbosa, chairman of the Philippine Securities & Exchange Commission, told reporters earlier this month.

‘Black Eye’

“This is a black eye on the entire Philippine financial sector,” said Senator Serge Osmena, chairman of the Senate committee on banks and financial institutions. There are loopholes in the anti-money laundering law, he said. While lawmakers will investigate the case at a hearing March 15, they won’t be able to amend the law before the end of Aquino’s term, Osmena told Bloomberg.

Aquino spokesman Sonny Coloma said he had no information on reports that funds from the Bangladesh central bank reached the Philippines. The case is being handled by the AMLC, an independent body, Coloma said. Bangko Sentral ng Pilipinas Governor Amando Tetangco, who heads the AMLC, did not reply to mobile-phone messages seeking comment.

Presidential Election

Aquino can only serve a single six-year term and has backed the candidacy of Mar Roxas, his former interior secretary. The outgoing president touts his record of curbing corruption and erasing the “Asia’s sick man” tag that had been used to describe the Philippines for decades. His efforts have had some success. The Philippines ranked 95th out of 168 nations and territories in Transparency International’s 2015 corruption perceptions index, up from 134th in 2010.

The Philippine Daily Inquirer has led reporting on the theft. It wrote last month that cash may have entered the Philippines via the Jupiter Street, Makati City, branch of Rizal Commercial Banking Corp. The money was converted into pesos and deposited in the account of an unidentified Chinese-Filipino businessman who runs a business flying high net worth gamblers to the Philippines.