Iqtiaruddin Md Mamun, new BFIU head

Iqtiaruddin Md Mamun, a commissioner of the National Board of Revenue (NBR), has been appointed head of the Bangladesh Financial Intelligence Unit (BFIU) on a contractual basis.

The appointment was made under Section 24 of the Money Laundering Prevention Act, 2012 (amended in 2015), and Rule 22 of the Money Laundering Prevention Rules, 2019, according to an official order issued by the Financial Institutions Division.

Mamun has been appointed as a full-time official with the rank and status of deputy governor of Bangladesh Bank for a two-year term, effective from the date of his joining.

As a condition of the appointment, he will have to sever all professional affiliations with other institutions and organisations during his tenure at the central bank.

The terms and conditions of the contractual appointment will be determined through a formal agreement, the order said.

In September last year, the government formed a five-member selection committee, headed by Bangladesh Bank Governor Ahsan H Mansur, to recommend the next chief officer of the BFIU.

The formation of the committee followed the government’s decision to terminate the appointment of AFM Shahinul Islam, the former head of the BFIU, based on the findings of a probe panel formed to investigate the authenticity of a controversial image/video involving Islam.