Banking reforms law on cards
Finance Minister Abul Maal Abdul Muhith has said the government is determined to ensure transparency and good policy for the country's banking sector.
“We've a plan to pass a banking reform law this fiscal in parliament," he said.
The minister was addressing a two-day conference of the officials of anti-money laundering cell of Bangladesh Bank on Friday.
He said a certain section of banks in the country through their system is supporting international terrorism instead of working for the development of the people and the country.
"That's why, he hoped, that the condition of our economy could be changed through carrying out reforms and good policy for the banking sector."
Chaired by Deputy Governor of Bangladesh Bank, Ziaul Hasan Siddiqui, the function was also addressed, among others, by Governor Dr Atiur Rahman as special guest.
Rahman said money laundering and spending money on terrorism are the main hindrances in the growth of socio-economy of Bangladesh like other countries.
He said the central bank has stepped up various time-befitting efforts to overcome the situation in this regard.
The BB boss said Bangladesh for the first time had formulated a money laundering prevention law in 2002 among South Asian countries.