Govt Working to Repatriate Laundered Money: BB Governor

Bangladesh Bank (BB) Governor Dr. Ahsan H Mansur announced today that the government is actively working to recover laundered money and seize local assets from individuals who have embezzled funds from banks.

In a press briefing at the central bank’s headquarters, Mansur stated that efforts are underway to acquire local assets of those involved in bank embezzlement and to repatriate funds that have been laundered abroad. The government has already engaged with various countries to facilitate these processes.

Mansur highlighted that recent years have seen significant sums of money embezzled by unscrupulous individuals and laundered to countries such as Dubai, Singapore, and the USA. He noted that efforts are already in place to reclaim assets in the USA and mentioned that a family of smugglers is suspected of owning 500 to 600 homes in the UK. The goal is to first seize these local assets before targeting their foreign holdings.

The Governor also emphasized that reforms are being implemented within banks and financial institutions to address corruption and prevent future money laundering.