Push for transparency in property sector

FE Team | Published: May 12, 2026 22:54:42

FE REPORT
Ensuring compliance in the country's real estate sector is crucial for establishing good governance and maintaining investor confidence, speakers said at a meeting held at the central bank on Tuesday.
The views were shared during an exchange meeting between officials of the Bangladesh Financial Intelligence Unit (BFIU) and leaders of the Real Estate and Housing Association of Bangladesh (REHAB).
The meeting discussed the roles, responsibilities and compliance obligations of reporting entities in the real estate sector under the Money Laundering Prevention Act, 2012 and the Money Laundering Prevention Rules, 2019.
Head of BFIU Iqtiaruddin Md. Mamun, REHAB President Dr. Ali Afzal, Senior Vice-President Abdur Razzaque attended the meeting, said a press statement.
Speaking at the event, Dr. Ali Afzal said REHAB has consistently adhered to the country's laws and policies in transforming the housing sector into a modern, transparent and internationally compliant industry.
In coordination with the BFIU, the association would play an effective role in raising awareness among its member companies to prevent money laundering, he added.
He also called for lowering registration costs to help prevent undisclosed income generation.
Abdur Razzaque said REHAB would continue working to enhance the capacity of its member companies in reporting and risk management in line with regulatory requirements.
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