Brokerage houses, merchant banks, portfolio managers, securities custodians and asset management companies will have to take stricter measures to prevent money laundering

Court also asks ACC, BFIU to explain inaction over information reportedly provided by UK’s National Crime Agency

The government is giving top priority to recovering assets laundered abroad, Prime Minister Tarique Rahman told parliament yesterday, describing the matter as central to a broader strategy to combat corruption, money laundering and financial crimes.

A total of $234 billion laundered abroad between 2009 and 2023, Tarique Rahman says citing interim govt data

Bangladesh authorities are seeking to establish legal agreements with nine countries and one territory, which have been identified as the primary destinations for laundered money, as part of efforts to recover illicit funds transferred abroad.

In recent months, several groups allegedly linked to S Alam Group tried to withdraw funds from the account using fake vouchers and cheques.

CID says Dilip Kumar Agarwala procured gold and diamonds without valid documents

Beximco Group chairman and vice-chairman and their associates have laundered $97 million (around Tk 1,200 crore) abroad over five years through 17 corporate entities under the pretext of foreign trade, the CID has found.

The document shows that Tk 46,805.32 crore of the assets are in Bangladesh, while the remaining Tk 10,451.54 crore are abroad.

Money does not come home on press releases. It comes home case by case, with quiet diplomacy and implacable lawyering.

Fraudulent trade transactions are one of the key reasons behind the rise in non-performing loans (NPLs) in Bangladesh’s banking sector, creating a dangerous feedback loop that undermines financial stability and enables trade-based money laundering (TBML), according to a study by the Bangladesh Institute of Bank Management (BIBM).

Mansur said Bangladesh had requested mutual legal assistance from several countries, including the UK

Bangladesh Bank Governor Ahsan H Mansur said the central bank may pursue financial settlements with business tycoons accused of syphoning off money abroad when Sheikh Hasina was in power, according to a report by Financial Times (FT).

Wieger Wielinga, managing director of Omni Bridgeway, speaks with The Daily Star breaking down the concept of litigation funding.

About $18 billion to $20 billion was laundered abroad during the Awami League regime, said Bangladesh Bank Governor Ahsan H Mansur yesterday.

The million-dollar question is: how can Bangladesh recover the laundered money that has crossed its borders?

Rashtra Sangskar Andolan has urged the formation of a special economic tribunal to recover money siphoned out of the country

When asked whether it was possible to bring back all the laundered money from abroad, the finance adviser said the government is trying in this regard, but the overall amount is huge

The interim government is set to enact a special law aimed at streamlining the recovery process of money laundered during the Sheikh Hasina regime.

Bangladesh Bank (BB) Governor Ahsan H Mansur will visit the United Kingdom (UK) as a part of efforts to recover laundered assets.