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Hundi traders laundered $7 8b through MFS in a year, CID estimates

Hundi traders money laundering through MFS: Bangladesh has been deprived of around $7.8 billion (equivalent to Tk 75,000 crore) remittance last year as over 5,000 agents of different mobile financial services are using informal channels like hundi when migrants send their money home, CID estimated.

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