The government is going to slightly change the law that gave scope for whitening money in the face of objection from the Asia Pacific Group (APG) on money laundering.
Finance Minister AMA Muhith yesterday at his secretariat office told reporters that the Statutory Regulatory Order (SRO) specifies that those taking opportunity for whitening money will not be questioned under income tax law but will be quizzed under other laws.
Finance minister also said the amendment to the SRO is now lying with the law ministry and it will be issued any time.
When such scope was given earlier, the SRO specified the provision but during preparation of the SRO this time it was left out, he added.
After the money whitening scope was given in June, the APG wrote a letter to the government which said giving somebody immunity from questioning by any law was contradictory to the Anti-Money Laundering Act.
Source : The Daily Star
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