Representational photo Syed Zakir Hossain/Dhaka TribuneAn anti money laundering committee also suggested going for an asset recovery and tax recovery system to reign in tax evadersBangladesh is all set to unleash a war on black money. According to sources, Dhaka could sign bilateral or multilateral agreements with these countries for bringing back ill-gotten money. This could turn out to be an effective step in curbing money laundering. Anti-Corruption Commission personnel could be posted in such missions to gather information about black money illegally kept in banks of those foreign countries, the sources said. The committee also suggested going for an asset recovery and tax recovery system to reign in tax evaders and those having black money abroad.

Source: Dhaka Tribune October 31, 2020 14:15 UTC