BFIU submits report to HC

The Bangladesh Financial Intelligence Unit (BFIU) submitted a report to the High Court (HC) on Sunday stating that information regarding the deposits of 67 Bangladeshis in various Swiss banks was sought from the FIU (Financial Intelligence Unit) of Switzerland .

But Swiss authorities only provided details of one individual in this regard which the BFIU also submitted to the Anti-Corruption Commission (ACC), the BFIU said in its report.

The HC bench consisting of Justice Md Nazrul Islam Talukder and Justice Khizir Hayat will hear the report on Sunday.

The BFIU is a member of the Egmont Group of Financial Intelligence Units (FIUs), an international network of FIUs.

According to the report, the Swiss Bank released its annual report on June 16 this year. The following day, the FIU (Financial Intelligence Unit) of Switzerland was requested to provide the necessary information on the money deposited by Bangladeshi banks and individuals in various Swiss banks via Egmont Secure Web (ESW).

Read: The BFIU has repeatedly sought illegal information about Swiss bank money: BB

However, Bangladesh has not yet received any information. The BFIU even requested this information from the FIEU on June 17, he added.

On Thursday, the High Court ordered the government and the Anti-Corruption Commission (ACC) to explain why the government failed to seek information about deposits of Bangladeshi money in Swiss banks.

However, Foreign Minister AK Abdul Momen said that Bangladesh had requested information on deposits of Bangladeshi money in Swiss banks, but the Swiss side had not responded to the request.

Momen said this after his conversation on the matter with Bangladesh Bank Governor Abdur Rouf Talukder and Finance Secretary Fatima Yasmin on the same day.

The foreign minister said he advised the governor and the finance ministry to make the statements as confusion arose following some media reports quoting the Swiss ambassador to Bangladesh, Nathalie Chuard.

  1. says that it is not true that Bangladesh did not request information from Switzerland.

The Swiss envoy to DCAB Talk said on Wednesday that any estimate of Bangladeshi money deposits in Swiss banks is “purely speculative” and no conclusions can be drawn based on media and other reports.

Responding to a question on the exchange of information on the issue, she said that Switzerland was really committed to the implementation of international standards. In accordance with these international standards, they may also have specific regulations and agreements with the country to exchange this type of information, she said.

“So this is something that should be developed,” the ambassador said, adding that they had provided the government with all the information on how to reach an agreement on these issues, but no request had been made. been submitted regarding specific funding.