Dhaka – An international group that monitors risks of terror financing has cleared Bangladesh’s central bank saying that it was free of terror financing and money laundering, the country’s banking regulator said on Thursday.

Asia Pacific Group (APG) of Money Laundering has come up with the observation on Wednesday.

“As per the final evaluation of the APG and its final rating, Bangladesh was declared a free of risk of money laundering and terror financing,” a Bangladesh Bank (BB) in a statement said referring to the report.

The report titled “Mutual Evaluation Report (MER)” was released Wednesday at the 19th annual meeting the APG, being held in San Diegan, California of the United States.

The report also shows that Bangladesh secured a better position than Norway and Sri Lanka and to some extent Australia and many developing countries.

“The achievements take Bangladesh’s fight against terrorism and militancy and drive against money laundering and terror financing to the international standard,” state-run Bangladesh Sangbad Sangstha news agency reported quoting the statement.

The representatives of the APG’s member states also acclaimed Bangladesh’s role in combating terrorism, militancy and terror financing.

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