Bangladesh Bank Governor Ahsan H Mansur announced that improved governance has halted money laundering in the country, even amid political instability. He revealed that $20 billion was illicitly transferred abroad by a Chattogram-based entity, marking one of the largest instances of money laundering in Bangladesh’s history. Mansur highlighted efforts to recover these funds, including collaboration with international authorities like the FBI and engagement with foreign legal experts. He emphasized the need for global cooperation to tackle laundered funds and noted concerns over exchange rate manipulation by entities in Dubai. Mansur praised the 2.5% incentive on remittances sent through banking channels, which has led to record remittance flows, and stressed the importance of transparency in financial systems. He also called for bolstering the workforce’s skills to further increase remittance inflows and underscored the government’s commitment to recovering public assets lost through illicit financial outflows.
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