Thursday, November 7, 2024
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FBI to help bring back money laundered from Bangladesh

The US intelligence agency FBI has assured that it will cooperate in the process of bringing back the laundered money from Bangladesh. ACC Secretary Khorsheda Yasmin said letters have already been sent to different countries to bring back the siphoned money.
The day after the formation of the task force, an FBI delegation led by Robert Cameron came to the ACC. The delegation met with the Director General of the Money Laundering Branch of ACC. According to US research firm GFI, around Tk 1.2 million crore was siphoned out of Bangladesh in the last 15 years, mostly to Switzerland, the Netherlands, the British Virgin Islands, the Cayman Islands, Luxembourg, Bermuda, Jersey, Hong Kong, and many others. He went to countries like the United Arab Emirates and Singapore.
The ACC secretary said efforts are underway to bring back the smuggled money from different countries. Communication has already started with many countries and various steps are being taken. Plans are underway to develop a new mechanism and foreign assistance will be taken if needed.
The ACC secretary also said that efforts are underway to recover the laundered money. Since the process is carried out through the Ministry of Home Affairs and Foreign Affairs, there is some time delay. Nevertheless, the ACC is working relentlessly to prevent money laundering.

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