Dhaka, Jan. 16 -- Bangladesh's securities regulator moves to join a global drive to prevent alleged money laundering through cross-border transactions involving securities, derivatives and other financial instruments, amid heightened incidence of fund flows.

Under a global compact, the offensive will be conducted through sharing requisite information about such illicit acts, officials have said about the move that incidentally comes in the wake fund flight beyond frontiers on the back of globalisation.

To this effect, Bangladesh Securities and Exchange Commission (BSEC) has to sign Enhanced Multilateral Memorandum of Understanding (EMMoU), an extended version of a previously signed MMoU, with the International Organisation of Securities...