Dhaka, May 12 -- Bangladesh Financial Intelligence Unit (BFIU) and the Real Estate and Housing Association of Bangladesh (REHAB) have pledged to work in a coordinated manner to prevent money laundering in the country's housing sector.

The commitment came during a view-exchange meeting held on Tuesday at the Bangladesh Bank's headquarters, where both sides outlined a joint compliance framework for the real estate industry.

The meeting focused on the obligations and responsibilities of reporting entities in the real estate sector under the Money Laundering Prevention Act, 2012 and the Money Laundering Prevention Rules, 2019, along with detailed discussions on compliance mechanisms.

REHAB leaders meet Housing Minister, seek policy support...