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Dhaka Tribune

ACC officials meet EU delegation to recover smuggled funds

The EU delegation assured their full cooperation in this regard

Update : 01 Oct 2024, 05:14 PM

The Anti-Corruption Commission (ACC) held a meeting with a delegation from the European Union (EU) to discuss measures for recovering and preventing smuggled funds from Bangladesh.

ACC Director General (Prevention) Md Akhter Hossain shared the information with reporters on Tuesday.

He said that during the meeting, the ACC updated the EU delegation on its activities, particularly emphasizing cooperation for enhancing the ACC's capacity in anti-money laundering efforts and recovering stolen assets.

The EU delegation assured their full cooperation in this regard.

Akhter said that the ACC had informed the EU about the obstacles they faced in cases related to money laundering. He added that specific countries where funds had been laundered were identified and shared with the delegation.

The ACC hopes to receive assistance from the EU in recovering smuggled funds from both EU countries and non-EU countries.

He further said that the ACC had sent Mutual Legal Assistance Requests (MLAR) to the relevant countries for collecting documentary evidence.

However, the ACC has not yet received satisfactory responses. Out of 71 countries approached, responses were received from only 27.

 

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