If AB Bank fails to do so, the central bank will take action as per law,” he said. Bangladesh Bank gave them until September 30 to bring the rest of the amount back. “AB Bank admits that they have made some errors. The Parliamentary Standing Committee on Ministry of Finance has expressed grievances over Bangladesh Bank’s failure to identify people involved with money laundering in the country. “This must be investigated.”According to Global Financial Integrity report, 80% of the money laundered out of Bangladesh is done through under invoicing and over invoicing.

Source: Dhaka Tribune August 11, 2016 13:41 UTC