The Transparency World Bangladesh (TIB) has called on governments of foreign countries to take concrete poke to attend Bangladesh expedite the return of stolen resources and conclude money laundering.
In an announcement this day (19 September) Dr Iftekharuzzaman, TIB govt director, acknowledged, “Primitive hosts of cash laundering esteem the UK, USA and Switzerland were joined in recent couple of decades by Canada, Australia, Singapore, Hong Hong, Malaysia, Center East countries esteem UAE, especially Dubai, and plenty of offshore island territories as ravishing hosts of Bangladeshi laundered money.
“In each destination of illicit transfers, there are considerable syndicates of highly knowledgeable law companies, belief companies, offshore consultants, accurate property brokers, accountants, regulatory experts, and banking and monetary companies and products companies that facilitate the secret offers. These syndicates rep systematically bolstered the request aspect over the years, and by offering safe and lucrative incentives to our money launderers contributed to flows of investments in host economies in extra than one sectors, especially accurate property, banking and luxury consumption.”
In some circumstances, these are outcomes of relevant authorities policies or policy loopholes, whether deliberate or now not. Many such countries were most continuously conserving provisions to make investments laundered money by various map esteem trusts, accurate property, investment passports, and plenty of others. If now not by policy provisions or loopholes in policies, enforcement deficiencies rep helped advent of heavens for the money laundering facilitators who were systematically incentivising money launderers of Bangladesh, he furthermore acknowledged.
The TIB called upon governments of the host countries of Bangladesh’s laundered money esteem UK, USA, Canada, Dubai and Singapore to proactively name and freeze any illegal resources owned by Bangladeshi nationals or entities of their respective jurisdictions.
It furthermore sought immediate poke to dismantle and rep to story syndicates facilitators of accumulation of cash and wealth through illicit transfers.
The TIB asked foreign countries to cooperate with the authorities of Bangladesh to begin and expedite the strategy of repatriation of the stolen resources and rep the money launderers to story in the course of the accessible worldwide processes along side mutual precise assistance and technical purple meat up.
Make a contribution to building the required official and worldwide potential of relevant Bangladeshi notify companies, especially ACC, BFIU, CID, NBR and Approved official Fashioned’s Space of business, and collaborate and coordinate with other above-mentioned host countries of Bangladesh’s laundered money to take identical actions, it added.
“The burden of responsibility to conclude, alter and produce inspire laundered money lies essentially on Bangladesh’s shoulders, then again it is furthermore no much less a responsibility of nations or territories where the laundered money from Bangladesh were invested and thereby helped the host economies,” the statement reads.
