Written by The Banking Post
The foreign affairs adviser has called on accountants to work closely with the government to prevent money laundering, saying weak oversight and manipulation of accounts played a major role in the large-scale outflow of funds from Bangladesh over the past decade and a half.
Speaking at the opening of the South Asian Federation of Accountants International Conference 2026 in Dhaka, he said a huge amount of money had been siphoned off during the previous 15 years, not only through bank-related abuses but also through distorted accounting practices. He urged professionals to help ensure such practices do not recur and to support a return to stronger financial discipline.
The two-day conference, organised by the Institute of Chartered Accountants of Bangladesh, brought together delegates from across South Asia under the theme “Next Generation Profession: Converging Ethical AI and Sustainability Reporting.” The programme featured technical sessions and discussions on the future of the accounting profession.
The adviser said rapid advances in artificial intelligence and digital tools are transforming professions worldwide, making issues such as transparency, sustainability and ethical conduct more important than ever. He noted that Bangladesh’s pursuit of economic growth and deeper global integration depends on professionals who are not only technically skilled but also ethically grounded and socially responsible.
The event was attended by senior regulators and global leaders of the accounting profession, including the head of the International Federation of Accountants and the leadership of regional accounting bodies. Speakers highlighted both the opportunities and risks posed by AI, stressing that technology can improve efficiency and compliance but also create new challenges if not guided by strong ethical frameworks.
Participants also discussed the growing importance of sustainability reporting and transparent financial disclosure, with speakers noting that AI is already reshaping how economic value is measured and reported.
Organisers said the conference aimed to prepare the next generation of professionals to navigate technological change while upholding integrity and public trust, a goal seen as critical to strengthening financial governance and preventing future abuses.
