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Thursday 29th of May 2025 E-paper
* 3 killed in M`singh road mishap   * Jamaat leader Azharul acquitted from death penalty   * Strict security beefed up at Secretariat, visitors not allowed   * Trump Says `Not Happy` with Putin After Russia Strikes Ukraine   * Trump pauses 50% EU tariffs until July 9   * UN chief says Gaza war in ‘cruelest phase’ as aid trucks looted   * ECNEC meeting begins   * Tidal surge sweeps away 100 cattle in Munshiganj   * 17 dengue patients hospitalized in last 24 hrs   * UK freezes London assets of Salman F Rahman’s son  
   Business
  Repatriating laundered money may take up to 5 years: Mansur

Bangladesh Bank Governor Ahsan H. Mansur has said that it may take four to five years to repatriate laundered money after completing all legal procedures. However, assets held abroad can be frozen within a year.

He made the remarks at a press briefing held on Monday (May 19) at the Foreign Service Academy on Bailey Road in the capital.

The Governor said the confiscated money and shares of fugitive money launderers will be used for the benefit of the poor and for public welfare. A dedicated fund will be created for this purpose.

He further stated that all actions will be taken in accordance with the relevant legal provisions, and existing laws will be amended if necessary.



  
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