UN offers help to recover laundered assets
Staff Correspondent
The visiting UN counter-terrorism team yesterday offered technical support in recovering laundered assets from overseas and help Bangladesh Bank's (BB) coordination with other central banks' financial intelligence units (FIU).The 11-member UN delegation head, Sergey Kerev, who is also assessment and technical assistance director of the counter-terrorism committee (CTC), informed the media of this offer after he met BB Governor Salehuddin Ahmed. The high-powered delegation were given a presentation on counter-terror strategies at the Police Headquarters. They also met the director general of Bangladesh Rifles, and the attorney general, to gain an understanding of counter-terror law and their enforcement. The delegation is set to meet intelligence agencies, the Anti-Corruption Commission, port administrators, the UN resident coordinator, bankers association and the NGO Affairs Bureau today. Sources said the delegation has been looking into terror funding through various channels, including NGOs suspected of being used for militant activities. Notably, the NGO Affairs Bureau on May 6 cancelled the registration of controversial Kuwait-based NGO, Revival of Islamic Heritage Society, which is suspected of funding militancy. The delegation is also looking into how to better coordinate Bangladesh's counter-terror legislations and strengthen law enforcement agencies to cast a wider and tighter net to catch militants. Kerev said the UN will help to improve cooperation between countries' FIUs in order to prevent international terror-funding, which he said can also be utilised to recover illegally-earned money sent overseas. He said that the UN's technical committees can help Bangladesh resolve the legal matters to repatriate corruption-money from other countries. While Salehuddin said that these offers would be utilised once the central bank has specific information on accounts overseas, and would then proceed on the basis of the laws of other countries' and cooperation with their FIUs or equivalent agency. The BB governor said the UN committee showed interest in providing relevant software, hardware and training to strengthen the anti-money laundering unit, which is already being assisted by the United States. He said the central bank is engaged in ongoing discussions with the British FIU to sign a Memorandum of Understanding (MoU) for cooperation to deal with money laundering.
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