Dhaka, Friday, February 23, 2018

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NBR, BFIU to intensify anti-money laundering drive

DHAKA, Feb 4, 2018 (BSS)-National Board of Revenue (NBR) will appoint an international accounting firm to collect information about the money trafficked illegally from the country, said NBR chairman Md Mosharraf Hossain Bhuiyan.

"We are thinking of appointing an international accounting firm to collect information about the siphoned money. There is no authentic information about the money smuggled out of the country. Earlier, Anti Corruption Commission (ACC) worked on it and it is also doing it," he said while speaking at a Memorandum of Understanding (MoU) signing ceremony here today.

NBR and Bangladesh Financial Intelligence Unit (BFIU) signed the MoU aiming to prevent money laundering and terror financing.

NBR member (board administration) SM Ashfaque Hussain and deputy-head of BFIU Md Mizanur Rahman Joadder signed the MoU on behalf of their respective sides.

Deputy Governor of Bangladesh Bank Abu Hena Md. Razee Hasan was present at the ceremony.

NBR chairman said NBR has signed the MoU with BFIU to intensify the drives against money laundering and terror financing. It will help the authorities concerned to get information about banks easily and BFIU will get tax related information about individuals and establishments, he added.

He said BFIU has already started investigation into money laundering.

Abu Hena Md. Razee Hasan said the central bank has intensified operations against money laundering and terror financing in cooperation with ACC, police and NBR. Bank accounts of some establishments have already been seized, he added.

He said 32 money laundering cases of ACC are now under trial.