Tuesday, August 19, 2008

Dhaka’s Money Laundering Practices to be Checked

The Daily Star reports that a team from the Asia/Pacific Group on Money Laundering (APG) will evaluate Dhaka’s safeguard against money laundering, fraud, and terror finances from now until August 31st.

This is the government’s effort to bring back money siphoned off overseas. The experts will assess current laws relating to freezing assets of terror financing and confiscating proceeds from crimes. The experts hope to enable the country to cooperate effectively at the international level by discussing findings with officials from key government departments and private sector, including banks, other financial institutions, real estate, legal and accountancy professions.

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