Sunday, August 9, 2020 | ePaper

Global efforts needed to prevent money laundering: Kamal

  • Print
Economic Reporter :
Finance Minister AHM Mustafa Kamal on Sunday urged the world community to work together for preventing money laundering and terrorist financing.
"We want to live in a peaceful world. Money laundering is a serious threat. I request the world community, let us join hands together, let us formulate a plan together to prevent money laundering as it is the right moment," he said while addressing a seminar on the "National Strategy for Prevention of Money Laundering and Combating Financing of Terrorism 2019-2021" at a city hotel.
Foreign Affairs Ministry, Financial Institutions Division of the Finance Ministry, Bangladesh Bank and Bangladesh Financial Intelligence Unit (BFIU) organised the seminar.
Referring Bangladesh is at serious threat for money laundering, Kamal said, "Our government is putting all out efforts considering the threat factors. The whole world has to be united, otherwise the initiative of a particular country will not be effective."
Urging all to initiate a platform as anyone alone cannot to go far away, he said, "But if you are with us and we are with you and if it is a combined voice, that will be forceful."
He said the threat is not only for an economy of any country, but it is a threat to the existence of human kind.
The minister said Prime Minister Sheikh Hasina is committed to remove corruption and money laundering from the soil of this country and her government has taken various initiatives, including automation, for preventing money laundering.
Bangladesh Bank Governor Fazle Kabir said deep coordination among all ministries, agencies and departments will prevent money laundering and terrorist financing.
National Board of Revenue (NBR) Chairman Md Mosharraf Hossain Bhuiyan said NBR is taking time-befitting efforts, including modernization of custom department, to check money laundering.
Head of BFIU Abu Hena Mohd Razee Hassan said for effective implementation of all strategies for preventing money laundering within the stipulated time, a proper coordination and reporting system to the National Coordination Committee (NCC) and Working Committee by the responsible agencies, inter agency coordination and collective efforts are essential.

More News For this Category

7 more banks add bKash instant money transfer service

Business Desk :The opportunity of instant money transfer service from banks' app and internet banking to bKash account has been increased with the addition of seven new banks.The facility of

Well thought-out investment planning helps raise economic growth; WB

Business Desk :Well thought-out investment planning helps raise economic growth rates, increases competitiveness, offers new economic opportunities, and bolsters improvements in human capital, said a new World Bank report.The report

Gov’t taking Tk3,461cr from Ctg port's surplus fund

Chattogram Bureau :The government is taking Tk3,461 crore from the surplus fund of Chattogram port.Of this, the Chattogram Port Authority (CPA) will soon provide Tk3,000 crore to the finance ministry

IPO subscription of Walton to begin today

Economic Reporter :The cut-off price for the shares has been determined at Tk315 through electronic bidding by the book building method.Walton Hi-Tech Industries Ltd will start the subscription of its

IBBL holds Business Development Confce

Business Desk :Dhaka North Zone of Islami Bank Bangladesh Limited organized Business Development Conference on virtual platform on Thursday. Md. Mahbub ul Alam, Managing Director and CEO of the bank

Pandemic pushes small businesses to the brink

Business Desk :Sarwar Hossain, a barber at Evergreen Gents Parlour and Salon in Dhaka's Shewrapara, used to bag around Tk 1,200-1,500 a day before the onset of the coronavirus pandemic.

COVID-19 may increase child labour in dried fish sector

COVID-19 may increase child labour in dried fish sector

Business Desk :The unprecedented situation due to Covid-19 pandemic has made most labourers at the dried fish sector in Cox's Bazar jobless triggering the risk of engaging more children at

Loss-making industries only waste govt funds

Business Desk :The state-owned industries of Bangladesh are like white elephants that require huge expenses to be maintained but yield almost nothing.The government hardly sees any profit from these consistently

Coronavirus: Last-ditch talks on new aid package for US economy fail

Coronavirus: Last-ditch talks on new aid package for US economy fail

BBC :Last-ditch negotiations at the US Congress to forge another stimulus package for the coronavirus-ravaged economy have collapsed in stalemate.Democrats and Republicans remain at odds over everything from unemployment benefits

Trump says readying executive orders on virus relief package

Trump says readying executive orders on virus relief package

President Donald Trump said Friday he was poised to sign executive orders to extend aid to Americans facing hardship due to the coronavirus pandemic, though negotiations continued between his administration