The World Bank offered assistance to the Anti-Corruption Commission in collecting documentary evidence for the recovery of laundered money.
The bank came up with the offer on Tuesday during a meeting between a two-member delegation of the World Bank and the ACC chair with a view to enhancing the institutional capacity of the ACC, particularly in preventing money laundering and recovering misappropriated funds.
Emile Johannes Marie Van Der Does De Willebois, the bank鈥檚 lead financial sector specialist for the Stolen Asset Recovery initiative, and financial sector specialist Sophie Dong met with ACC chair Mohammad Moinuddin Abdullah at the commission鈥檚 headquarters in Dhaka.
The meeting began at about 1:45pm and ended with the World Bank delegation departing at about 3:30pm.
ACC director general Md Akhtar Hossain said, 鈥榃e discussed how they could assist in the recovery of embezzled assets and the initiatives that could be taken to enhance the capabilities of ACC officials.鈥�
鈥榃e talked about the challenges faced by our investigators in financial investigations and how they could provide assistance in these areas,鈥� he said, adding that the focus is on collecting documentary evidence from countries where laundered funds originate.
He said, 鈥楾hey indicated that collecting such evidence is an ongoing process and this can be quite difficult without cooperation of the relevant countries.鈥�
鈥楾hey have assured us that they will engage with law enforcement agencies in those countries to discuss ways to assist in the recovery of laundered money and maintaining communication and cooperation with us,鈥� he added.
