Dhaka, Bangladesh (BBN) – Bangladesh on Tuesday signed a memorandum of understanding (MoU) with Nepal for exchange of information relating to money laundering, officials said.

The MoU was signed between the financial intelligence units (FIUs) of the respective central banks of the two countries in the capital, Dhaka on the day.

Bangladesh Bank (BB), the country’s central bank, Executive Director and its FIU chief Abul Quasem and Nepal Rastra Bank Director and its FIU Chief Dharma Raj Sapkota signed the MoU on behalf of their respective sides, they added.

Under the agreement, the FIUs will be empowered to share information between them on money laundering.

“We’ve signed the MoU with the central bank of Nepal aiming to exchange information about money laundering that will also help prevent anti-money laundering activities between Bangladesh and the Himalayan country,” a BB senior official told BBN in Dhaka.

The central bank of Bangladesh is now working on similar agreements with, at least, 24 other countries including India, Pakistan, Sri Lanka and Indonesia, according to the official.

On August 12 last, Bangladesh signed for the first time a similar MoU with the central bank of Malaysia for exchange of information relating to money laundering.

BBN/SI/SS/AD-22October08-9:17 AM (BST)