US embassy cable - 05DHAKA3733

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Identifier:	05DHAKA3733
Wikileaks:	View 05DHAKA3733 at Wikileaks.org
Origin:	Embassy Dhaka
Created:	2005-08-02 07:09:00
Classification:	CONFIDENTIAL
Tags:	EFIN KTFN BG
Redacted:	This cable was not redacted by Wikileaks.

C O N F I D E N T I A L DHAKA 003733 
 
SIPDIS 
 
E.O. 12958: DECL: 08/02/2015 
TAGS: EFIN, KTFN, BG 
SUBJECT: PROGRESS ON BANGLADESH AML AMEMDMENTS 
 
 
Classified By: Econ Chief David Renz; reason 1.4(d) 
 
1.  (C) Central Bank Governor Salehuddin Ahmed informed 
econoff July 27 that he had forwarded amendments to 
Bangladesh's anti-money laundering law to the Finance 
Minister for final review.  Ahmed expects the Finance 
Minister will convene a senior level policy meeting within 
the next two weeks to approve the amendments before placing 
them before the Cabinet. 
 
2.  (C) Ahmed said the draft retains many of the USG 
proposals provided during a December 2004 DOJ technical 
assistance visit, including provisions to create a financial 
intelligence unit and an interagency "strike force" for 
prosecuting cases.  Ahmed touted his own role in moving the 
amendments forward, saying he personally revised the 
amendments to remove extraneous provisions concerning banking 
regulation generally that were suggested by industry groups, 
which were invited to comment on the draft. Ahmed expressed 
an interest in additional US technical assistance with 
training once the amendments are adopted.  He noted, but did 
not accept, econoff's offer to have US experts informally 
review the current draft of the amendments. 
 
CHAMMAS