Bangladesh Bank Governor Ahsan H. Mansur has said that it may take four to five years to repatriate laundered money after completing all legal procedures. However, assets held abroad can be frozen within a year.

He made the remarks at a press briefing held on Monday (May 19) at the Foreign Service Academy on Bailey Road in the capital.

The Governor said the confiscated money and shares of fugitive money launderers will be used for the benefit of the poor and for public welfare. A dedicated fund will be created for this purpose.

He further stated that all actions will be taken in accordance with the relevant legal provisions, and existing laws will be amended if necessary.