Amendment to money laundering act on cards | The Daily Star
12:00 AM, August 17, 2011 / LAST MODIFIED: 12:00 AM, August 17, 2011

Amendment to money laundering act on cards

Share this with

Copy this link

The government is going to slightly change the law that gave scope for whitening money in the face of objection from the Asia Pacific Group (APG) on money laundering.
Finance Minister AMA Muhith yesterday at his secretariat office told reporters that the Statutory Regulatory Order (SRO) specifies that those taking opportunity for whitening money will not be questioned under income tax law but will be quizzed under other laws.
Finance minister also said the amendment to the SRO is now lying with the law ministry and it will be issued any time.
When such scope was given earlier, the SRO specified the provision but during preparation of the SRO this time it was left out, he added.
After the money whitening scope was given in June, the APG wrote a letter to the government which said giving somebody immunity from questioning by any law was contradictory to the Anti-Money Laundering Act.

Stay updated on the go with The Daily Star News App. Click here to download it for your device.

Grameenphone and Robi:
Type START <space> BR and send SMS it to 2222

Banglalink:
Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Share this with

Copy this link

Top News

Top