Dhaka, Oct. 7 -- Banks owning laundered assets are directed to sign deals with competent global firms in a regulatory firman that says a dozen stolen-asset-recovery groups are ready for hire to launch the hunt.

Bangladesh Bank (BB) Monday issued the instructions for such commercial banks to enter into non-disclosure agreement (NDA) with internationally renowned legal firms to bring back stolen assets of the lenders.

The central bank governor, Dr Ahsan H. Mansur, in a meeting with top executives of 35 commercial banks at the BB headquarters spelt out the instructions for them to accelerate the process of recovery of stolen assets further.

The chief of the banking regulator shared names of eight global litigation and stolen-asset-recover...