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The unit was founded as the Anti-Money Laundering Department of Bangladesh Bank in June 2002. The name of the department was changed to Bangladesh Financial Intelligence Unit on 25 January 2012 through the Money Laundering Prevention Act, 2012. [4] Asia/Pacific Group on Money Laundering recommended the government to form the unit. [5]
The Bangladesh Bank robbery, also known colloquially as the Bangladesh Bank cyber heist, [1] was a theft that took place in February 2016. Thirty-five fraudulent instructions were issued by security hackers via the SWIFT network to illegally transfer close to US$1 billion from the Federal Reserve Bank of New York account belonging to Bangladesh ...
Bangladesh's anti-money laundering agency has asked the country's banks for details of accounts and transactions linked to Treasury minister Tulip Siddiq. The Bangladesh Financial Intelligence ...
Tarique Rahman believed to be involved in digital money laundering with Bangladesh Bank. On 16 October 2008, it has been reported that the Interpol found the trace of a deposit of BD taka 141.5 million with a bank in Hong Kong of former foreign minister M Morshed Khan.
Begum Para is a Bangla term, which is basically a big money laundering scandal in Bangladesh. However the term literally indicates a symbolic area located somewhere in Canada. It is not a formally or historically created area. Basically, this Bangla term is used by Bangladeshi people to convey a special meaning. [10]
Hasina, who had ruled Bangladesh since 2009, is being investigated there on suspicion of crimes against humanity, genocide, murder, corruption and money laundering and Dhaka has asked New Delhi to ...
After the fall of Sheikh Hasina regime, the Bangladesh Financial Intelligence Unit (BFIU) ordered a freeze on the bank accounts of Tarique Siddique, his family members, and their associated entities under the Money Laundering Act in 2024.
Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, underground sex work, terrorism, corruption, embezzlement, and treason, and converting the funds into a seemingly legitimate source, usually through a front organization.