The chief of Bangladesh Financial Intelligence Unit (BFIU) on Tuesday called upon all agencies concerned to play their due role effectively through integrating their respective activities for the prevention of money laundering and terror financing in the country.
Proper investigation and justice will help improve the country's rating during mutual evaluation on the compliance of money laundering cases by the Asia Pacific Group on Money Laundering (APG), BFIU Chief Executive Abu Hena Mohammad Razi Hasan said.
He was inaugurating a workshop on Money Laundering Prevention Rules 2019 at the auditorium of Metropolitan Chamber of Commerce and Industry, Dhaka.
The BFIU chief referred to the agencies involved in preparing reports and punishment to offenders concerned and said that authentic investigation is necessary in preventing the money laundering offences. He also highlighted the government's strong stand on preventing money laundering and terror financing like international problems, and laid importance on making the financing system risk-free through taking timely activities.
The workshop organised by BFIU was attended by representatives of enforcing agencies of Money Laundering Prevention Rules, including Anti Corruption Commission, National Board of Revenue, Customs Intelligence and Investigation Directorate, Criminal Investigation Department, Bangladesh Police, Central Intelligence Cell, Narcotic Control Directorate, Bangladesh Securities and Exchange Commission, Ministry of Finance and Ministry of Law, Justice and Parliamentary Affairs.
They also highlighted different issues related to proper execution of the rules, including problems and challenges, during the panel discussions.
Financial Institution Department, Ministry of Finance, issued the Money Laundering Prevention Rules 2019 on the Money Laundering Act 2012 on January 31 last which was published through gazette notification on February 13 last.
The rules with 12 chapters refer about forming national coordination committee and working committee, roles of primary communication officer, report preparing agencies, authority to control report preparing agencies, autonomous and professional bodies formed with the report preparing agencies and use of intelligence reports and other information by BFIU, role of intelligence agencies.
Besides, it has guidelines on information exchange, seizure, and confiscating property of accused person.
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