![]() ![]() Among those that are unconvinced with the government's work is the Asia/Pacific Group on Money Laundering, the global body that ranks countries. But experts have criticised the government's effort to implement the recommendations. In 2002, Bangladesh became the first country in South Asia to promulgate the Money Laundering Prevention Act in line with the recommendations from the Financial Action Task Force (FATF), an intergovernmental organisation which combats money laundering. Though it is lower in comparison to the GFI's estimates between 20, even this amount would have deprived the government exchequer of about Tk 120 billion as revenue each year, which is significant. Similarly, Transparency International Bangladesh (TIB) reported this year that some USD 3.1 billion or Tk 26,400 crore is being illegally remitted from Bangladesh every year.
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