After suffering several bomb blasts Bangladesh has decided to take stringent steps to curb the menace of terrorism in the country. As a first but firm step, a law clamping down on the financing of militants suspected of planning and carrying out attacks is all set be passed soon, a bank official said yesterday. âThe new law will empower the central bank to suspend or stop operations of any account, for 30 days, in suspicious transactions without any notice,â said Nazmul Hasan, an executive director of the central Bangladesh Bank. âNow the central bank will be able to detect and curb international terror financing, if any, in the country as well as local terror financing,â Nazmul said. He said the law had already been approved by Finance Minister M. Saifur Rahman and would come into affect soon.It will be submitted to Parliament through the Law Ministry, and has a strong chance of being passed because the ruling Bangladesh Nationalist Party holds a two-thirds majority in the legislature. Under the law, owners of accounts used to finance militant attacks faced seven years in jail, Nazmul said. The new law would replace existing anti-money laundering legislation, which did not have sufficient provisions to curb financing of militant activities, he said. It would also allow the central bank to set up a Financial Intelligence Unit and a Financial Crime Investigation and Prosecution Office.