Some illegal foreign assets to be frozen within 6 months: BB governor

Staff Reporter:

Several foreign assets bought with laundered money will be frozen within the next six months, Bangladesh Bank (BB) Governor Ahsan H Mansur told a press briefing at the central bank’s Chattogram branch on Friday.

The eminent economist said the concept of recovering laundered money is new to policymakers and they are constantly learning from foreign law firms as well as government officials.

The task of recovery is lengthy and complex, he noted.

“We are also exploring alternative approaches. We’re trying to repatriate the funds through counseling and dialogue to avoid the lengthy legal process.”