[ap-intact] INFO: New office to detect illicit outflows in Bangladesh, says central bank chief

Bangladesh authorities are working with counterparts abroad to recover proceeds of corruption ('stolen assets'), says Bangladesh Bank Governor Dr. Atiur Rahman. A new transfer pricing monitoring unit in the National Board of Revenue is monitoring trade transactions to detect illicit outflows through mis-invoicing, he added. The central bank chief also said authorities are probing into legality and tax-compliance in the Swiss bank deposits and buying of Malaysian second homes by Bangladesh nationals reported in the media.

Read the story in The Financial Express. http://www.thefinancialexpress-bd.com/2015/04/19/89350

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