Amendment aims at stringent monitoring
The finance ministry has proposed amending the anti-money laundering law to allow Bangladesh Bank to monitor the bank accounts of influential people, including politicians, bureaucrats and businesspersons.
Once amended, the Central bank's Financial Intelligence Unit will keep a close watch on influential people.
The proposal was made at a meeting of the anti-money laundering taskforce under the finance ministry. The meeting was chaired by Finance Minister AMA Muhith at the secretariat yesterday.
The meeting also suggested amending another provision of the law to transfer the authority to police from the Anti-Corruption Commission to investigate cases related to money laundering, said a finance ministry source.
The finance ministry will now seek law ministry's opinion, said the source.
High-ups of the ACC, law ministry, Bangladesh Bank, Office of the Attorney General and police attended the meeting.
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