Following the fall of the Awami League government in Bangladesh, newly appointed banking chief Ahsan Mansur launched an investigation into billions of dollars smuggled abroad by powerful families. With $15bn suspected to have been moved out of the country, Mansur is working with UK authorities to trace and seize an estimated $25bn laundered from Bangladesh. Amidst challenges such as frozen US aid, Mansur is considering offering plea bargains and amnesty schemes to recover the missing funds.
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MAS monitoring Tokenize Xchange's progress in returning assets, money to customers
The Monetary Authority of Singapore (MAS) is monitoring Tokenize Xchange's progress in returning customer assets after the exchange ceased operations following the rejection of its digital payment token license. Tokenize plans to relocate to Labuan, Malaysia, to operate under a new regulatory framework while managing phased withdrawals for Singapore users before September 30. Want More Context? 🔎
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