Advisers approve Money Laundering Prevention Ordn
Thursday, 5 July 2007
FE Report
The council of advisers at a meeting Wednesday approved the 'Money Laundering Prevention Ordinance - 2007', empowering the Anti-Corruption Commission (ACC) to investigate allegations of money laundering, instead of Bangladesh Bank.
The proposed Ordinance will be an amendment to the Anti-money Laundering Act, 2002.
On amendment to the law, the special judges will deal with the money-laundering cases instead of sessions judges.
Chaired by Chief Adviser Fakhruddin Ahmed, the meeting also approved in principle the proposed 'Trade Mark Ordinance -2007'.
It, however, advised the Ministry of Industries to re-examine the proposed Ordinance in line with the exiting rules and regulations of the World Trade Organisation (WTO), Chief Adviser's Press Secretary Syed Fahim Monaim said at a press briefing on the day.
After thorough discussion on the proposal for appointment of nurses, the advisers' council asked the Ministry of Health and Family Welfare to follow the existing 1997 rules in this connection.
Fahim said the current ratio of doctors and nurses is 2:1 in Bangladesh as against the international standard of 1:3.
Responding to a query, he said the another proposed Money Laundering Prevention Ordinance -2007, which is now under scrutiny of the law ministry, will be incorporated into the new Ordinance approved by the council Wednesday.
Replying to another question, Fahim said the proposal for expanding the size of the present interim government is under active consideration of the government.
"After the proposal being rejected by the law ministry on the constitutional ground, now the government is seriously examining other alternative options to expand the present size of the caretaker government in order to handle its growing workloads," he added.
Fahim, however, noted that the expansion process is being delayed mainly due to the scrutiny of the appointment criteria relating to the new 'assistants' and their official designations.
Replying to another query, he said the meeting neither discussed the proposed 'National Security Council' nor the immediate possibility of relaxing the indoor politics.
The council of advisers at a meeting Wednesday approved the 'Money Laundering Prevention Ordinance - 2007', empowering the Anti-Corruption Commission (ACC) to investigate allegations of money laundering, instead of Bangladesh Bank.
The proposed Ordinance will be an amendment to the Anti-money Laundering Act, 2002.
On amendment to the law, the special judges will deal with the money-laundering cases instead of sessions judges.
Chaired by Chief Adviser Fakhruddin Ahmed, the meeting also approved in principle the proposed 'Trade Mark Ordinance -2007'.
It, however, advised the Ministry of Industries to re-examine the proposed Ordinance in line with the exiting rules and regulations of the World Trade Organisation (WTO), Chief Adviser's Press Secretary Syed Fahim Monaim said at a press briefing on the day.
After thorough discussion on the proposal for appointment of nurses, the advisers' council asked the Ministry of Health and Family Welfare to follow the existing 1997 rules in this connection.
Fahim said the current ratio of doctors and nurses is 2:1 in Bangladesh as against the international standard of 1:3.
Responding to a query, he said the another proposed Money Laundering Prevention Ordinance -2007, which is now under scrutiny of the law ministry, will be incorporated into the new Ordinance approved by the council Wednesday.
Replying to another question, Fahim said the proposal for expanding the size of the present interim government is under active consideration of the government.
"After the proposal being rejected by the law ministry on the constitutional ground, now the government is seriously examining other alternative options to expand the present size of the caretaker government in order to handle its growing workloads," he added.
Fahim, however, noted that the expansion process is being delayed mainly due to the scrutiny of the appointment criteria relating to the new 'assistants' and their official designations.
Replying to another query, he said the meeting neither discussed the proposed 'National Security Council' nor the immediate possibility of relaxing the indoor politics.