Terming money laundering and terrorist financing as a big threat to the world, Finance Minister AHM Mustafa Kamal on Sunday said coordinated efforts of the global community are needed to prevent these menaces.
'The whole world should get united to eliminate money laundering. Trade-based money laundering is mostly committed in
The seminar was jointly arranged by the
State Minister for Foreign Affairs
'These are major barriers to the progress of developing countries. The government of
Chairman of the
'The ACC has recently established an Asset Management Unit. It guides and advises the ACC investigators to identify the proceeds of crimes at an early stage and take quick actions to freeze such assets so that those are dissipated,' he said.
Chairman of the National
'With the ever-growing threats and vulnerabilities of illicit flow of funds, tax evasion, transfer of mispricing trade-based money laundering and gold smuggling, the NBR is making enhanced efforts to mitigate these risks,' he added.
Mosharraf Hossain said NBR always gets actively involved in the process of formulation of National Strategy for Preventing Money Laundering and Combating Financing of Terrorism.
Moderating the function,
He said as financial crimes like money laundering, terror financing and financing of proliferation of weapons of mass destruction are the biggest hurdles to achieve the target of having more vibrant and robust economic growth and macroeconomic stability.
© Pakistan Press International, source