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Monday, November 18, 2019

Global efforts needed to prevent money laundering: Kamal

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.