ACC, BFIU team up to fight money laundering

The Anti-Corruption Commission (ACC) will work closely with the Bangladesh Financial Intelligence Unit (BFIU) to check money laundering and bring back the money siphoned off abroad.

The two organisations signed a memorandum of understanding (MoU) in this regard at the ACC headquarters in the city on Wednesday, according to an ACC press release.

As per the MoU, they will exchange information to combat money laundering.

Director General of ACC's anti-money laundering unit ANM Al Firoz and general manager and head of operation of BFIU Md Zakir Hossain Chowdhury signed the MoU on behalf of their respective organisations.

At the signing ceremony, ACC secretary Muhammad Dilwar Bakht said the conviction rate in money laundering cases, conducted by the ACC, is 100 per cent though the number of cases is quite low.

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