Bangladesh Bank Governor Dr Ahsan H Mansur Seeks UK's Cooperation for Asset Recovery, Capital Markets

LONDON, June 13, 2025 (BSS) - Bangladesh Bank Governor Dr Ahsan H Mansur recently completed a three-day visit to London as part of an entourage with Chief Adviser Professor Muhammad Yunus. During his stay, Mansur held several key meetings to support the bank's policy issues and strengthen cooperation with the UK for asset recovery and capital markets.

On June 11, Mansur visited the UK National Crimes Agency (NCA) and met senior officials, including Daniel Murphy, head of the International Anti-Corruption Coordination Centre (IACCC). The governor expressed his appreciation for IACCC's ongoing support and technical assistance to Bangladesh's Asset Recovery Taskforce and the country's efforts to investigate money laundering cases.

Mansur also lauded the NCA's decision to freeze £170mn assets of former land minister Syefuzzaman Choudury Javed, following a previous asset freeze of £90mn on Beximco group assets. He hoped that the UK would continue to collaborate with Bangladesh in combating money laundering and encouraged other countries to follow suit.

The governor attended an Asset Recovery Roundtable hosted by DLA Piper, where he discussed strategies to mobilize $100mn of Litigation funding for asset recovery by the end of 2025. Participants emphasized the need to quickly sign Non-Disclosure Agreements (NDAs) with Bangladesh Bank and individual banks to share data on their Non-Performing Loans (NPLs).

Mansur also proposed setting up a Special Purpose Vehicle (SPV) to pursue legal claims in key target countries like the UK and Singapore. He met with Blackrock, the world's largest Asset Manager, to update them on Bangladesh's improving macroeconomic outlook and persuade them to invest more in the banking sector and capital markets.

The governor's London visit also aimed to foster greater investment and collaboration between the City of London and Bangladesh's financial sector. He invited Lord Mayor of London to visit Bangladesh at his earliest convenience, while expressing gratitude for the UK's support in making remittance process smoother.

Mansur's visit underscores the importance of international cooperation in asset recovery and economic development.