Financial, real estate firms involved in money laundering: CID chief

News Desk  :
Different financial organisations, real estate firms, trade-based sectors and even non-profitable organisations are involved in laundering money from Bangladesh, said the Criminal Investigation Department of police chief on Saturday.

The investigation agency chief and additional inspector general of police, Mohammad Ali Mia, stressed the need of joint and coordinated efforts of different government agencies to combat money laundering, reports the media.
CID, one of the major agencies investigating money laundering cases, organised a discussion tilted ‘Money Laundering: Trends and Combatting the Challenges’ at its headquarters in Dhaka.
Officials from CID, Bangladesh Financial Intelligence Unit and Customs Intelligence and Investigation Directorate participated in the discussion.
Addressing the programme, CID chief said that money laundering had been taking place through placement, layering and integration systems.

The speakers said that checking money laundering was crucial for financial stability, transparency and combating corruption and organised crimes.
The discussion said that seven agencies are tasked to investigate money laundering cases and coordination, information and intelligence sharing among those agencies are crucial.
The speakers also stressed the need of monitoring suspicious transactions, appoint panel lawyers, government-to-government bilateral agreements, usages of artificial intelligence and technologies to curb money laundering.
CID so far had trained 450 officials on financial crimes.

Bangladesh Bank governor and head of BFIU Masud Biswas, CIID joint director Billah and CID’s deputy inspector general Mainul Hasan, among others, joined the programme.