ACC chief seeks steps to deal with trade-based money laundering

Chairman of the Anti-Corruption Commission (ACC) Iqbal Mahmood on Sunday stressed the need for taking effective steps to deal with the growing trade-based money-laundering culture, reports UNB.
“Money-laundering, especially the trade-based one, is a big threat to the national economy," he told the Commission's meeting at ACC's head office in the capital. Iqbal Mahmood said a scope must be created so that the Bangladesh Bank, the National Board of Revenue (NBR) and the ACC can work together to check money laundering.
During the meeting, ACC commissioner Dr Md Nasiruddin Ahmed said a high-level research team, led by him, will be formed soon to check trade-based money-laundering practice.
He said ACC director general (money-laundering cell) Md Atiqur Rahman, director general of Customs Intelligence Dr Mainul Khan, professor of Bangladesh Institute of Bank Management (BIBM) Dr Shah M Ahsan Kabir, joint director of Bangladesh Bank's Financial Intelligence Unit Md Abdur Rob and NBR additional commissioner Syed Moshiqur Rahman will work with the team as its members.

ACC chief seeks steps to deal with trade-based money laundering

Chairman of the Anti-Corruption Commission (ACC) Iqbal Mahmood on Sunday stressed the need for taking effective steps to deal with the growing trade-based money-laundering culture, reports UNB. Money-laundering, especially the trade-based one, is a big threat to the national economy, he told the Commissions meeting at ACCs head office in the capital. Iqbal Mahmood said a scope must be created so that the Bangladesh Bank, the National Board of Revenue (NBR) and the ACC can work together to check money laundering. During the meeting, ACC commissioner Dr Md Nasiruddin Ahmed said a high-level research team, led by him, will be formed soon to check trade-based money-laundering practice. He said ACC director general (money-laundering cell) Md Atiqur Rahman, director general of Customs Intelligence Dr Mainul Khan, professor of Bangladesh Institute of Bank Management (BIBM) Dr Shah M Ahsan Kabir, joint director of Bangladesh Banks Financial Intelligence Unit Md Abdur Rob and NBR additional commissioner Syed Moshiqur Rahman will work with the team as its members.