Published:  12:00 AM, 17 April 2016

‘Political will’ to reduce illicit financial flow stressed

‘Political will’ to reduce illicit financial flow stressed

Speakers at a roundtable urged the political parties for a minimum commitment to check illicit financial flow.
Bangladeshis are third in second home program of Malaysia, they said adding, "Deposit from Bangladesh in Switzerland Bank is currently 41% higher in comparison with the figure of 2013."
Daily Bonik Barta and Equity and Justice Working Group Bangladesh (EquityBD) jointly organized the roundtable titled 'Illicit Financial Flow and Our Political Economy'. The roundtable was chaired by Tazul Islam MP while Bonik Barta Editor Dewan Mohammed Hanif moderated the program. Other speakers of the roundtable were Amir Kashru, Lt Gen (Retd) Mahbubur Rahman, Bangladesh Bank's former governor Dr Salehuddin Ahmed, Dr Hossain Zillur Rahman, Dr MA Taslim, Dr Jamal Uddin Ahmed, Dr Rashed Al Titumir, Farooq Ahmed and Rezaul Karim Chowdhury.
Ahsanul Karim of EquityBD presented the keynote at the roundtable. Ahsanul Karim put forward some recommendations including to follow the instances of Indian government, submission of income and bank statement of dual citizens, each purchase of above $ 2 thousand must go through bank channel, strong punishment in respect of false name asset etc.
Dr Salehuddin advocated for strict compliance of rules and strong role of regulatory bodies. Dr MA Taslim mentioned that there should be study on why people transfer money. "It is mostly because of hassles in law and insecurity in business investment," he opined. Dr Rashid Al Titumir said that illegal accumulation and public fund embezzlement encourages illicit flow.
Dr Hossain Zillur said that illicit flow would continue even if there was political stability. Rather, good governance will check the malpractice. At the concluding speeches, Lt Gen (Retd) Mahbubur Rahman, Mr Amir Kahsru of BNP and the chair of the seminar Tazul Islam MP emphasized on the political commitment to promote sense of security reducing the chances of illicit flow of money.

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