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BD fines bank for terror funding
DHAKA: Bangladesh's central bank has fined the country's top Sharia-based commercial bank, Islami Bank, for transactions linked to Islamist militants. "A 100,000 taka ($1,425) fine was imposed on the IBBL under the anti-money laundering act after we had detected some transactions by them in violation of banking rules," an official with the Bangladesh Bank told Reuters on Thursday. "Although the amount is small, it is significant as the first penalty of the sort imposed by the central bank, which is investigating suspicious transactions in a number of banks," said the central bank official, who asked not to be identified. Posted by: Fred 2006-04-07 |
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