Bangladesh’s actions against money laundering and terrorism financing have been recognised as of ‘international standards’ in an evaluation by the Asia/Pacific Group On Money Laundering (APG).
The final report of APG’s third phase of mutual evaluation on Bangladesh’s management was approved in the group’s 19th annual meeting at California’s San Diego in the United States on Thursday.
Through the clearance of the report, Bangladesh has averted the risk of being blacklisted for money laundering and terrorism financing in international standards, Attorney General Mahbubey Alam said.
Alam headed the 20-member Bangladesh delegation in the meeting which ended on Thursday.
“This success is a result of the tireless work for the past one year by the team of representatives from several agencies and departments of the Bangladesh government,” he told bdnews24.com by telephone from California after the meeting.
The meeting had been scheduled to be held in Dhaka on July 22, but it was shifted to San Diego on security fears after the July 1 terror attack on a cafe in the capital which saw 17 foreigners and five others killed.
The Bangladesh delegation that attended the 2016 APG Annual Meeting and Technical Assistance and Training Forum from Sep 5 included representatives from home, law and finance ministries, National Board of Revenue, Anti-Corruption Commission, police and Bangladesh Financial Intelligence Unit (BFIU).
Source: bdnews24
