Dhaka, Sept. 4 -- Chief Adviser Prof Muhammad Yunus on Wednesday urged the creation of stricter international legal frameworks to prevent the laundering of billions of dollars in stolen wealth to offshore tax havens and wealthy nations.
"Most of the time we know where this stolen money is coming from. Yet, we accept it as a genuine transfer with no initiative to taking any action."
Professor Yunus said during a meeting with Transparency International (TI) Chair Francois Valerian at the State Guest House Jamuna in the capital, CA office said on Wednesday.
The Chief Adviser said the existing global financial system has failed to prevent the transfer of tens of billions of dollars from countries in the Global South to offshore safe havens a...