Bangladesh-Financial-Intelligence-Unit

Evidence of money laundering, bribery, corruption, fraud, forgery, and tax evasion has been found against 10 of the country's top industrial groups. For now, cases are being filed against these groups regarding money laundering, tax evasion, and corruption. The government made this decision following a joint investigation by 11 agencies. Multiple officials involved in the investigation confirmed these details to Agamir Somoy.The interim government had initiated priority investigations into alleg...

Money laundering under the guise of exports is largely an 'open secret' in the country. A class of businessmen, by 'managing' banks, customs, and relevant government officials, continues this illicit activity without hindrance. As a result, substantial amounts of export proceeds never enter the coun...

The Bangladesh Financial Intelligence Unit (BFIU) has emphasized on the importance of strengthening compliance, reporting, Know Your Customer (KYC) procedures, and risk management among real estate development firms to prevent money laundering and ensure good governance in the housing sector. Meanwh...