Publish: 11:45, 11 Jan, 2025 Updated: 11:48, 11 Jan, 2025

Money laundering has stopped: BB Governor

Online Desk
Money laundering has stopped: BB Governor
Photo - Collected

The Bangladesh Bank (BB) Governor Ahsan H Mansur said Saturday that money laundering from the country has come to an end, attributing the shift to the establishment of good governance.

Speaking at the ‘Branding Bangladesh’ event in the capital, He highlighted the nation’s economic resilience, noting that despite ongoing political instability, remittance inflows have reached record levels.

The governor said, “Money laundering from the country has stopped due to the establishment of good governance. Despite political instability, remittance flow has reached the highest level in recorded history.”

Ahsan H Mansur also said that the government is spending Tk 7,000 crore annually due to the 2.5 percent incentive to bring remittances through banking channels.

Requesting expatriates to send money directly through banking channels, he further said, “Dubai has topped the list of remittances, surpassing Saudi Arabia. This is not a good sign. Because money from Saudi Arabia comes to Dubai first. From there, it comes to Bangladesh. Some institutions in Dubai are trying to manipulate the currency exchange rate using this opportunity.”

Bd-pratidin English/Tanvir Raihan

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