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Robust legal, institutional mechanism needed: Dipu

Bangladesh on 09 October 2013
Location : Bangladesh | Source : New Age. Image Source: Flickr User cdsessums

Foreign minister Dipu Moni on Tuesday said that robust legal and institutional mechanism were needed to combat terrorism, financing of terrorism and other related crimes such as money-laundering.

The present government showed zero tolerance to the terrorist outfits and their activities, she said.

Addressing a workshop on the United Nations Security Council Resolutions on Implementation Procedures and Inter-Agency Cooperation at her ministry, Dipu said the government updated the terrorism related laws in last four years. 

She, however, said the heightened alert and physical drives against terrorist individuals and entities were not enough to combat terrorism, it needs robust legal and institutional mechanism to combat the challenge.

The foreign minister hoped that the country would upgrade it position in the upcoming review by the FATF as the country is fully compliant with 14 core recommendations of the international body on money laundering.       

She said Bangladesh maintained close cooperation with the UN Security Council Counter-Terrorism Committee established in pursuant to the Security Council Resolution 1373.

Dipu hoped that the UN and other development partners would come forward to contribute to the critical capacity-building support. 
Bangladesh Bank governor Atiur Rahman also spoke at the workshop.

He said Bangladesh had been complying with requirements of the UNSCR since the inception of the Financial Intelligence Unit in the Bangladesh Bank.  

Referring to a series of steps including amendment of the Anti-Terrorism Act in 2012 and again in 2013, Atiur said the Anti Money Laundering rules were going to be introduced soon.   

The governor said FIU has been awarded the Egmont Group membership.  He said the country’s present target is to upgrade its position in the FATF.

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