STAR BUSINESS REPORT

Bangladesh Bank (BB) Governor Mostaqur Rahman has directed officials to accelerate efforts to recover laundered assets and place the process under a fast-track mechanism.

The instruction was issued at a meeting held at the central bank yesterday, where the newly appointed governor met the consultant of the Stolen Asset Recovery Task Force, according to Arief Hossain Khan, executive director and spokesperson of BB.

The meeting discussed strengthening the recovery process and ensuring that efforts to retrieve stolen assets from abroad produce tangible results, Khan added.

During the discussion, the governor urged the relevant authorities to quickly take necessary steps to identify, trace and repatriate assets siphoned overseas. To prioritise this effort, Rahman ordered all recovery activities to be placed on a “fast-track” status.

The fast-track mandate aims to speed up the return of national wealth through a more coordinated and focused approach, the spokesperson said.

The initiative also seeks to improve ongoing recovery efforts to ensure they are effective and aligned with bringing laundered assets back to the country.

The governor issued the directive as part of the interim government’s continuing efforts to prioritise the recovery of stolen assets from abroad.

Earlier, the Muhammad Yunus-led government The