Dhaka, June 24 -- The government has formed 11 Joint Investigation Teams (JITs) led by the Anti-Corruption Commission (ACC) to probe priority money laundering cases as part of an intensified effort to trace, investigate and recover laundered funds, Finance Minister Amir Khosru Mahmud Chowdhury told Parliament on Wednesday.

Responding to a starred question from Jamaat MP Masum Mustafa elected from Netrakona-5, the minister said illegally acquired money is usually laundered abroad through highly secretive and complex methods, making it extremely difficult to determine the exact amount transferred out of the country.

The 11 teams also included officials from the Criminal Investigation Department (CID), the National Board of Revenue's Centr...