Non-financial businesses, including gold and real estate,
will have to send reports of transactions they deem suspicious to the central
bank from now onwards as part of the government’s efforts to combat money
laundering and terrorism financing.
Bangladesh
Bank yesterday issued a guideline to be applied by all real estate
developers, business firms dealing with valuable metals and stones, trust and
company service providers, lawyers, notary and other law professionals and
accountants.
For instance, if a real estate developer becomes suspicious
of the buyer’s source of money, it would immediately have to send the
transaction’s report to the central bank.
The guideline, which was prepared in light of Anti-money
Laundering Act, 2012 and Anti-terrorism Act, 2009, will be available in the
website of the central
bank and has been sent to the presidents of the concerned businesses and
professional organizations.
News Source:
The Daily Star
Dated:- 02-Nov-2013
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