Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Thursday, September 20, 2018 09:36:30 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Soaring deposits by Bangladeshis in Swiss Banks

BB again seeks account info from SNB

By Special Correspondent
01st-Aug-2017       
Comments
Share your thought
Post a comment »
Read all () »

The central bank has once again sought information of accounts held by Bangladeshis in Swiss Banks from the authorities of the alpine country in a bid to track down capital flight and money laundering from Bangladesh.
On July 13, the Bangladesh Financial Intelligence Unit (BFIU), an anti-money laundering and counter-terrorism financing arm of Bangladesh Bank (BB), sent a letter to the Swiss concerned authorities seeking information relating to deposits of Bangladeshis in their banks.
The letter enclosed a list of Bangladeshi account holders who allegedly transferred a big amount of money from Bangladesh employing unfair means and deposited it in their accounts in Swiss Banks.
 "We have requested the Swiss National Bank  (SNB) to send accounts information of the listed Bangladeshis after suspicion they have shifted a big amount to Swiss Banks using illegal channels," Subhankar Saha, an Executive Director and spokesperson of BB told The New Nation yesterday.
 "They may be involved in money laundering because the regulators were in dark over their money transfers. Only the information from the Swiss authorities can help detect their crime," he added.
BB earlier made several requests to the central bank of Switzerland since it did not provide information relating to deposit of Bangladeshis with Swiss Banks.
Even the Swiss central bank was silent on the request from BB to sign a memorandum of understanding for sharing and exchanging information to help track money laundering from Bangladesh.
The soaring deposits by Bangladeshis in Swiss banks in recent years forced BB to come up with the moves.
Commenting on the issue, Subhankar Saha said, "BB has been maintaining a constant communication with Switzerland authorities to gather specific account information about the suspected Bangladeshis. We renewed the call and we hope the authorities would respond to us this time.
 "Their support would help us  track down illegal fund transfer by the listed Bangladeshis to Switzerland. Once BB gets the information, we shall be able to launch drive against the suspected Bangladeshi depositors in Swiss Banks," he added.
A recent report by the SNB revelled that Bangladeshi deposits in Swiss Banks totalled Tk 5,566cr in 2016, showing a year-on-year increase by 19 per cent.
The total deposit by Bangladeshi citizens in various Swiss Banks totalled Tk 5,566cr in 2016, which was Tk4,417 in 2015.

Tariff
Add Rate

News Archive

Inside The New Nation

Football »

Japanese MMA star Norifumi 'Kid' Yamamoto dies at 41


Tributes flowed Wednesday for charismatic Japanese Mixed Martial Artist ( MMA) Norifumi "Kid" Yamamoto, who died at age 41, three weeks after announcing a battle with cancer.Born to a family of wrestlers and martial artists, the wiry, tattoo-covered Yamamoto took on larger opponents in a wide range of MMA events, ...

Editorial »

Ecological danger for destroying forest by Rohingyas


A STUDY has revealed that 4,300 acres of hills and forests have been razed in Cox's Bazar to set up refugee camps and cooking fuel for Rohingyas who fled ethnic cleansing in Myanmar. Quoting the study, news media reported that about 3,000-4,000 acres of hill land at Teknaf and Ukhia ...

International »

Kim agrees to dismantle main nuke site if US takes steps too


AP,  Pyongyang :The leaders of North and South Korea announced a wide range of agreements Wednesday which they said were a major step toward peace on the Korean Peninsula. But the premier pledge on denuclearization contained a big condition, with North Korean leader Kim Jong Un stating he'd permanently dismantle ...

International »

Sex with Trump 'least impressive' she's ever had: Daniels


Stormy Daniels, the porn star who claims to have slept with Donald Trump over a decade ago, says in her upcoming tell-all book that it may have been the "least impressive sex" she'd ever had, The Guardian reported Tuesday.In her book, "Full Disclosure," Daniels also provides a graphic description of ...

Entertainment »

I`m seen as a fierce and opinionated woman post Bigg Boss: Hina Khan


Actor Hina Khan believes Bigg Boss helped her showcase her real personality, which is that of a woman who does not shy away from speaking her mind. The actor became one of the most talked about contestants on the 11th edition of the reality TV show, which has just begun ...

City »

Dhaka University teachers formed a human chain programme on the campus on Wednesday demanding release and proper treatment of BNP Chairperson Khaleda Zia.


Editorial »

We welcome Islamabad for awarding Bangladeshi-origin refugees Pakistan`s nationality


PAKISTAN government has decided to grant nationality to all Pakistan-born refugees of Bangladeshi and Afghan origins staying there for decades. Prime Minister Mr Imran Khan on Sunday made this announcement during his maiden visit to Karachi, saying the Bangladeshi and Afghan refugees who were born in Pakistan would get National ...

Sports »

Argentina's Facundo Conte (left) and teammate Alexis Gonzalez celebrate during the Men's World Championships' volleyball match between Argentina and Slovenia, in Florence, Italy on Monday.


Football »

FIFA president Infantino has doubts about La Liga match in Miami


AFP, Barcelona :FIFA president Gianni Infantino has expressed concern about La Liga's proposal to stage a fixture between Girona and Barcelona in the United States.The two clubs have each approved a request submitted to the Spanish Football Federation for the match to be played at the Hard Rock Stadium in ...

Entertainment »

Annie Sekhon all set to shine in Bollywood


Actress Annie Sekhon who has worked in many television shows and Punjabi films is having the time of her life. Off late she's been enjoying the success of her latest Punjabi film, 'Punjab Singh' opposite Gurjind Maan. The hangover of this film hasn't even faded yet and she's taking a ...

Entertainment »

2018 Emmy winners list


Best Drama Series: Game of ThronesBest Comedy Series: The Marvelous Mrs. MaiselBest Actor, Drama Series: Matthew Rhys, The AmericansBest Actress, Drama Series: Claire Foy, The CrownBest Supporting Actor, Drama Series: Peter Dinklage, Game of ThronesBest Supporting Actress, Drama Series: Thandie Newton, WestworldBest Writing, Drama Series: Joel Fields and Joe Weisberg, ...

Business & Economy »

Md. Momin Ud Dowlah, Chairman and Managing Director of Eon Group of Industries Limited, inaugurating its 18th anniversary celebrating programme by cutting cake at Eon Convention Center in the city on Sunday. Major ABA Mesbah Ud Dowlah, Vice-Chairman, ABA Shahid Ud Dowlah, Executive Director, Sayeeda Dowla, Director and Dr. Tamim Ud Dowlah, Group Director were also present.


City »

BNP Standing Committee Member Barrister Moudud Ahmed speaking at a discussion on 'Voting Rights-Fair Justice and Human Rights: Present Bangladesh' organised by Bangladesh Jatiya Manobadhikar Parishad at the Jatiya Press Club on Tuesday.


International »

US slashes refugee admissions to 30,000 for 2019


Reuters, Washington :U.S. Secretary of State Mike Pompeo said on Monday the United States would cap the number of refugees allowed into the country at 30,000 for fiscal year 2019, a sharp drop from a limit of 45,000 it set for 2018."We proposed resettling up to 30,000 refugees under the ...

Editorial »

Journalists` concern for free speech should not be ignored


EDITORS' Council on Saturday expressed its surprise, dissatisfaction, and shock at the final report of a parliamentary standing committee on the draft Digital Security Act which totally ignored the concerns expressed by journalists. Following disapproval from journalists, rights campaigners and foreign diplomats in Dhaka, the Law Minister earlier had admitted ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news