ACC to form research team to prevent trade-based money laundering

Dhaka,  Wed,  27 September 2017
Published : 19 Mar 2017, 21:47:20

ACC to form research team to prevent trade-based money laundering

FE Report

The Anti-Corruption Commission (ACC) will form a research team shortly to prevent trade-based money laundering from the country, it was disclosed on Sunday at the first meeting of ACC in 2017.

The meeting was held at the ACC headquarters in city's Segunbagicha where 30 agendas of six ACC departments were discussed and decisions were made.

Presided over by ACC Chairman Iqbal Mahmood, the meeting was also participated by ACC Commissioners Dr Nasiruddin Ahmed and AFM Aminul Islam, ACC Secretary Abu Md Mostafa Kamal and Director Generals of all the ACC departments.

Speaking at the meeting, ACC Chairman said money laundering, especially the trade-based one, has become a major threat for the country's economy. So, all the stakeholders need to take effective actions to prevent money laundering, he said.

Mr Mahmood also said a working ground need to be created by the commission in collaboration with Bangladesh Bank and National Board of Revenue (NBR) to prevent money laundering.

In response to a query from the ACC boss regarding the issue, ACC Commissioner Nasiruddin informed that the formation of the research team to prevent money laundering is at final stage.

He also said the team will be consisted of ACC's Money Laundering unit under Special Enquiries & Investigations Department Director General Md. Atiqur Rahman Khan, Customs Intelligence Director General Dr Moinul Khan, Bangladesh Institute of Bank Management (BIBM) Professor Dr Shah Md Ahsan Habib, Bangladesh Bank Financial Intelligence unit Joint-Director Abdur Rab, and NBR Additional Commissioner Syed Mushfiqur Rahman.

The commission meeting also approved the proposed 2,202- member ACC workforce structure. Currently, the commission has a total of 1,073 members.
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