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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. [5] Asia/Pacific Group on Money Laundering recommended the government to form the unit. [6]
[6] [7] The Anti-Corruption Commission of Bangladesh is crippled by the 2013 amendment of the Anti Corruption Commission Act introduced by the ruling Awami League government, which makes it necessary for the commission to obtain permission from the government to investigate or file any charge against government bureaucrats or politicians. [8]
The first anti-money laundering legislation in Bangladesh was the Money Laundering Prevention Act, 2002. It was replaced by the Money Laundering Prevention Ordinance 2008. Subsequently, the ordinance was repealed by the Money Laundering Prevention Act, 2009. In 2012, government again replaced it with the Money Laundering Prevention Act, 2012 ...
The National Board of Revenue gave the cell the authority to investigate money laundering under the Money Laundering Prevention Act, 2015. [4] In January 2016, Central Intelligence Cell sought information from Central Depository of Bangladesh Limited on bank accounts of noted economist Debapriya Bhattacharya and his wife Irina Bhattacharya. [24]
TD Bank will pay more than $3 billion in penalties after admitting to failing to adequately guard against money laundering and violating the Bank Secrecy Act, federal authorities said Thursday.
Prevention and Suppression of Human Trafficking Act, 2012; Mutual Assistance Act on Crime, 2012; Prevention of Money Laundering Act, 2012; Dhaka Transport Coordinating Authority Act, 2012; Pornography Control Act, 2012; Bangladesh Agricultural Research Council Act, 2012; Bangabandhu Poverty Alleviation and Rural Development Academy Act, 2012
TD Bank is the 10th-largest bank in the country – but for a while was the No. 1 choice for criminal organizations laundering drug money, according to federal prosecutors.. The bank's $3 billion ...
LONDON -- The shares of HSBC (ISE: HSBA.L) (NYS: HBC) slid 15 pence, or 2%, to 611 pence during early London trade this morning after the bank set aside a further $800 million in relation to U.S ...