The government has decided to have an ordinance promulgated on Money Laundering Prevention (Amendment) Act to introduce tougher provisions in the proposed law ahead of a visit by an international anti-money laundering organisation.
The cabinet yesterday approved a proposal of the finance division to promulgate an ordinance on the proposed law considering “its urgency”, cabinet secretary M Musharraf Hossain Bhuiyan said.
It opted for promulgation of the ordinance to bring changes in the money laundering act as the parliament is not now in session, he said.
President Abdul Hamid will shortly promulgate the ordinance.
The cabinet secretary said Asia/Pacific Group on Money Laundering (APG), an international organisation consisting of 41 members including Bangladesh and a number of international and regional observers would visit Bangladesh October 11-12 when the government would present its initiative to this end.