ACC organises training on asset recovery
The incidence of money laundering is spreading like a disease in developing countries like Bangladesh, Attorney General Mahbubey Alam said yesterday.
The persons accused in the money laundering cases with the Anti-Corruption Commission hold important political positions, he said at the inaugural session of a two-day multi-agency training programme on asset recovery at Ruposhi Bangla Hotel in the city.
Finance Minister AMA Muhith said the graft watchdog can use the recovered siphoned-off money to strengthen its capacity in combating corruption.
"We don't say corruption has gone away from the country, but it has come down substantially. The environment has changed," the minister said at the programme organised by the ACC.
Bangladesh Bank Gover-nor Atiur Rahman said "This [money laundering] is a relatively new area even in the global landscape. Episodes of massive and covert funneling of funds became commonplace over the past few decades."
Tracking down the stolen assets through the trails of transfer requires close inter-agency cooperation within the source countries and effective cross-border cooperation between financial intelligence units of different jurisdictions, he said.
At Bangladesh Bank, manpower skills and physical facilities of the intelligence unit have undergone major upgradation, he added.
Cabinet Secretary M Musharraf Hossain Bhuiyan stressed mutual efforts from the BB and the National Board of Revenue along with the ACC in recovering the siphoned-off money.
ACC Chairman Mohammad Badiuzzaman chaired the inaugural session of the programme.
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