Out of the grey

Southasia - - BRIEFINGS -

Bangladesh has re­ceived global recog­ni­tion in com­bat­ing money laun­der­ing and ter­ror fi­nanc­ing by the Paris-based Fi­nan­cial Ac­tion Task Force (FATF), which delisted the coun­try’s name from its ‘Grey List’. The FATF, an in­ter­gov­ern­men­tal body to com­bat money laun­der­ing, had listed Bangladesh un­der the cat­e­gory of ‘grey’ in 2008. But it de­cided to pull Bangladesh out of the list fol­low­ing the sig­nif­i­cant progress made by the coun­try in its drive against money laun­der­ing and com­bat­ing ter­ror fi­nanc­ing.

The de­ci­sion came in the wake of an au­dio­vi­sual mes­sage by Al-Qaeda chief Ay­man Al-Zawahiri in which he urged the people of Bangladesh to stand against what he termed as crimes against the core be­liefs of Is­lam.

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