BB issues MC to resist money laundering

Bangladesh Bank (BB) on Sunday issued a ‘Master Circular (MC)’ containing detailed policies, rules, regulations and compliances for banks to resist the money laundering activities. The MC, issued by the Bangladesh Financial Intelligence Unit (BFIU) of the central bank on the basis of the Money Laundering Act 2012 and Anti-Terrorism Act 2009, directed all the chief executives of the banks and other staff to follow the policies, rules, regulations and compliances as an obligation, according to a news agency.