National Bank Limited (NBL) organized a day-long workshop titled ‘Prevention of Money Laundering and Combating the Financing of Terrorism’ at the banks training institute on 4 February 2023, a press release said Sunday. Hossain Akhtar Chowdhury, DMD and CAMLCO, was present at the workshop as chief guest. Md. Abdul Wahab,
Tag: Money laundering
Challenges of preventing Credit Backed Money Laundering
Money laundering (ML) has become a matter of great concern around the world having profound negative impacts on both economy and society. Different types of perils such as reputational risk, operational risk, legal risk and concentration risk may be emerged due to ML. The well-known American Mafia, Alphonse Gabriel Capone
Samrat’s bail extended in money laundering case
A Dhaka court on Monday extended the bail of expelled Jubo League leader Ismail Hossain Chowdhury Samrat until October 20 in a money laundering case. Judge Al Asad Md Asifuzzaman of the Special Judge's Court-6 passed the order after Samrat's lawyer Afroza Shahanaz Parvin Hira submitted an application, seeking permanent bail
PK Halder, 13 others indicted in money laundering case
A Dhaka court on Thursday framed charges against Proshanto Kumar Halder, disgraced director of International Leasing and Finance Service Ltd (ILFSL), and 13 others in a case over laundering money and amassing illegal assets. The other accused are- PK Halder's mother Lilabati Halder, Purnima Rani Halder, Uttam Kumar Mistry, Amitabh Adhikari,
Probe into money laundering by Samrat stuck
The Criminal Investigation Department’s investigation in the case against expelled Juba League leader Ismail Hossain Chowdhury Samrat over laundering Tk 195 crore has remained stuck for nearly two years. The CID investigation in the case against another expelled JL leader Khaled Mahmud Bhuiyan over laundering Tk 8 crore has also remained
TIB urges govt to prevent money laundering
Transparency International Bangladesh (TIB) has suggested the government to prevent tax evasion and money laundering by adopting 'Common Reporting Standard (CRS)' tostabilise foreign exchange reserves without burdening the people with foreign debt. Taking loan from the International Monetary Fund (IMF) and other international institutions is considered normal for stabilising foreign exchange
bKash celebrates anti-money laundering week
bKash is celebrating ‘AML & CFT Week’ to strengthen anti-money laundering and financing of terrorism activities in mobile financial sector (MFS) and increase customers’ financial security and awareness, a press release said Friday. The celebration is to mark the 20 years of journey of the Bangladesh Financial Intelligence Unit (BFIU). The week-long
Govt plans amnesty to bring back laundered money
Finance Minister says at cabinet body meeting Finance Minister AHM Mustafa Kamal has said that the government is contemplating amnesty for bringing the laundered money back into the country. "We're thinking of announcing amnesty for bringing the smuggled money back," he told reporters in briefing after the two consecutive meetings of
Strategies to prevent money laundering and financial crimes
Money laundering (ML) and financial crimes (FCs) are considered as a curse for the country’s economic growth. These criminal activities not only weaken the backbone of the economy but also put the country’s reputations at risk. Besides, the ML and FCs also enhance the cost of doing business especially for
PK Halder to be brought back home: Home Minister
Home Minister Asaduzzaman Khan Sunday said legal action will be taken against fugitive Bangladeshi businessman and former NRB Global Bank Managing Director Proshanta Kumar Halder alias PK Halder following the official announcement of his detainment by India. "India does not inform Bangladesh anything about the arrest of PK Halder, who is