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UCO Bank, formerly United Commercial Bank, is an Indian public sector bank, and financial services government owned body headquartered in Kolkata. [3] It is a medium sized public sector bank in India and ranked 1948 in Forbes Global 2000 list of year 2018 & ranked 80 on the Fortune India 500 list in 2020. [ 4 ]
The bank was incorporated on 26 June 1983. The government owns shares in the bank. The bank was listed in the Dhaka Stock Exchange (DSE) by 1986 and Chittagong Stock Exchange (CSE) by 1995. [11] [14] On 8 April 1993, Humayun Zahir, the first chairman of the United Commercial Bank was murdered following a dispute with other bank directors. [15]
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]
In July 2021, Additional Deputy Inspector General of CID Kamrul Ahsan stated that cryptocurrencies were illegal in Bangladesh, which was contradicted by Bangladesh Bank. [ 12 ] On 6 August 2021, the Criminal Investigation Department was handed the cases against Faria Mahbub Piasha, Helena Jahangir, Moriom Akter Mou and Pori Moni who were ...
DGFI has been involved in money laundering and corrupt practices through military-controlled Trust bank and VDP banks. [28] In 2012, Defense Adviser Major General (retired) Tarique Ahmed Siddique was involved in bribery of 70 lakh Bangladeshi currency carried by a government vehicle. [29] The Border Guard Bangladesh confiscated the car with the ...
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Offshore Banking Operation (OBO) was first introduced by Bangladesh Bank in 1985 through a circular for allowing active foreign financing at Export Processing Zones (EPZs). Banks operated the services with Bangladesh Bank approval without any separate law for an offshore banking system until the enactment of the Offshore Banking Act, 2024.
The Police Bureau of Investigation was formed on 18 September 2012 to investigate "sensational" and difficult cases. [3] In November 2016 Bangladesh Police burned down shanties of Santals in Gaibandha and the PBI was tasked to identify the responsible police officers.