Dhaka, July 22 -- A staggering 75 percent of money laundered from Bangladesh is siphoned off through misdeclarations in import and export, according to a study of Bangladesh Institute of Bank Management (BIBM).

The findings were presented on Tuesday at a roundtable discussion, held at BIBM Conference Hall. The analysis was based on data from the National Board of Revenue (NBR).

"Simply rules aren't enough to halt money launderers. We need to use our intelligence and heighten our vigilance. Trade often appears normal, but it can conceal covert schemes," said Nurul Nahar, Deputy Governor of Bangladesh Bank, and the chief guest at the event.

Other speakers at the event included BIBM Professor Faruq M. Ahmed, Director General Abdul Hakim, ...