Dhaka, Dec. 17 -- The government has decided to amend several provisions of the Money Laundering Prevention Act, 2012 to make the recovery of money and assets siphoned off abroad more efficient and effective.

The decision was taken at the 30th meeting of the National Coordination Committee on the Prevention of Money Laundering and Terrorist Financing, held on Wednesday, with Finance Adviser Dr Salehuddin Ahmed in the chair.

The meeting reviewed overall policy directions, strategic guidelines and implementation measures aimed at strengthening Bangladesh's framework for preventing money laundering and terrorist financing.

In this context, members agreed that certain sections of the existing law need to be updated in line with evolving ch...