Stricter Anti Money Laundering Rules Now Implemented

The Anti-Money Laundering Council (AMLC) has ordered financial institutions to report within five days transactions involving the possible entry of dirty money. The resolution amends the previous 10-day leeway. This is the government’s response to the lengthy reporting period that was one of the reasons blamed why authorities were unable to immediately receive a report on the entry of $81 million in stolen money from Bangladesh’s

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