Bangladesh seeks help from international law firms to recover laundered money from abroad.

Bangladesh has approved working with international law firms to recover money laundered abroad, particularly from the UK, Canada, Singapore, and UAE. The Bangladesh Bank, along with the World Bank and US government, will help select the law firms. A task force will be formed to recover funds, and the country is seeking information from involved nations. While reforms aim to recover laundered money, experts note the process is challenging without strong legislation and international cooperation.

November 11, 2024
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