ACC chairman wants steps against trade-based money laundering

Dhaka,  Mon,  24 April 2017
Published : 19 Mar 2017, 18:54:42
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ACC chairman wants steps against trade-based money laundering

Anti-Corruption Commission (ACC) Chairman Iqbal Mahmood on Sunday stressed the need for taking effective steps to deal with the growing trade-based money laundering.

“Money laundering, especially the trade-based one, is a big threat to the national economy,” he told the Commission’s meeting at ACC’s head office in Dhaka, reports UNB.

Iqbal Mahmood said a scope must be created so that the Bangladesh Bank, the National Board of Revenue (NBR) and the ACC can work together to check money laundering.

During the meeting, ACC commissioner Dr Md Nasiruddin Ahmed said a high-level research team, led by him, will be formed soon to check trade-based money laundering practice.

He said ACC director general (money laundering cell) Md Atiqur Rahman, director general of Customs Intelligence Dr Mainul Khan, professor of Bangladesh Institute of Bank Management (BIBM) Dr Shah M Ahsan Kabir, joint director of Bangladesh Bank’s Financial Intelligence Unit Md Abdur Rob and NBR additional commissioner Syed Moshiqur Rahman will work with the team as its members.

After receiving information from the research team, the ACC chairman said, strong and coordinated actions will be taken to prevent and control trade-based money laundering.

ACC commissioner AFM Animul Islam, its secretary Abu M Mustafa Kamal, directors general and directors were present at the meeting.
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