‘All ways for money laundering from country will be closed’

Financial Adviser Dr. Salehuddin Ahmed has issued a strong warning against money laundering, saying, “We will make arrangements so that no one gets the opportunity to launder money from the country. A lot of money was laundered from the country in the past. Now efforts are being made to bring it back. But that will take more time”.

The finance adviser made the remarks at a program organized at BRAC University at Badda in the city on Saturday (November 16). 

The dialogue titled ‘Financial and Economic Reforms in Bangladesh’ was organized by the university’s BRAC Business School. 

Dr. Debapriya Bhattacharya, Honorary Fellow of the Center for Policy Dialogue (CPD), Salim RF Hossain, Chief Executive Officer and Managing Director of BRAC Bank, and Farzana Lalarukh, Commissioner of the Bangladesh Securities and Exchange Commission, were special guests at the program.

The dialogue included panel discussions, poster presentations on important reforms and discussions on reforms needed to address ongoing challenges in the financial sector.

“We’re not in a financial crisis, rather facing some challenges –- political and economical –- alongside some internal and external factors like trade and financial system. We’ll be able to face those and we’ll do…” the adviser said.

“We’ want to give a message that none will be able to launder money abroad and the perpetrators will be nabbed…none will be able to siphon off money abroad from the private and public sector,” he added.

About the ongoing reforms in the financial and banking sector, he said that the interim government wants to leave a ‘footprint’ before the successive government so that they could follow such footprints and thus move forward.