Bangladesh Bank has said it would take necessary action as per laws against the banks involved in money-laundering activities linked to terror financing as highlighted in a US Senate report.
“Bangladesh Bank had taken action against the incidents that took place in 2005 and 2007. We are investigating the role of HSBC and necessary action will be taken,” said Deputy Governor S K Sur Chowdhury at the launching ceremony of Monetary Policy Statement for Jul-Dec period Wednesday.
US Senate Permanent Subcommittee on Investigations revealed that the US division of HSBC provided money and bank service to Bangladesh Islami Bank and Social Islami Bank (SIBL), which the report identified as banks suspected to have involvement in raising fund for terrorist organisations like al-Queda.
The central bank governor Atiur Rahman said they were analysing the report and proper action would be taken after scrutiny.
“We have strengthened the anti-money laundering capacity of the central bank,” he added.
The Senate report published on Monday is the result of an investigation on London-based HSBC Holdings PLC by the Senate Permanent Subcommittee on Investigations.
- HSBC handled Iran, drug money: US report
- HSBC ‘helped Islami Bank to fund al-Qaeda’
- US senate full report