Dhaka, April 23 -- Bangladesh Bank has clarified that any individual or group facing allegations of money laundering abroad will be barred from returning to the board of directors of any bank.

Arif Hossain Khan, Executive Director and Spokesperson of the central bank, gave this clarification on Thursday to address public confusion regarding certain provisions of a recent ordinance related to banking sector reforms.

The clarification follows concerns raised in the media and among the public about whether controversial figures previously accused of financial irregularities, loan scams, and money laundering could be rehabilitated into the banking sector.

"The information presented in some media outlets regarding the recent reform ordinanc...