Pq Ltd News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Pq ltd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Pq Ltd Today - Breaking & Trending Today
News Desk, bdnews24.com Published: 08 Jan 2021 04:23 PM BdST Updated: 08 Jan 2021 06:27 PM BdST It is a curious case of “layering” in financial crimes. Suspicious funds taken by an account holder are spread out throughout the financial system: banks, other financial institutions and the capital market. Layering masks the source of the money through a series of transactions and bookkeeping tricks. In the final step, the laundered money is withdrawn from the legitimate account to be used for whatever purposes the criminals have in mind for it. ); } A financial institution in Bangladesh disbursed a huge amount of loans to several companies owned by an unnamed man. A report by the Bangladesh Financial Intelligence Unit (BFIU) revealed that the financial institution issued cheques, to disburse loans, not only to the borrower companies but also to various fictitious accounts held with banks. BFIU named the lender as “AB Finance Ltd” for il ....