Bangladesh Financial Intelligence Unit

Bangladesh Financial Intelligence Unit is Bangladesh Government agency responsible for investigating money laundering, Suspicious Transaction, and Cash Transaction Reports.[1][2] The unit works under Bangladesh bank.[3] Razee Hassan is the chief of Bangladesh Financial Intelligence Unit.[4]

History

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.[1] Asia/Pacific Group on Money Laundering recommended the government to form the unit.[5] In 2015 the Government of Bangladesh announced plans to provide autonomy to the unit.[6] In 2016 Bangladesh Bank confirmed the unit has been made autonomous.[7]

References
  1. "BFIU". bb.org.bd. Retrieved 5 April 2017.
  2. "Bangladesh Bank stolen reserve money due in a week". Dhaka Tribune. 7 November 2016. Retrieved 5 April 2017.
  3. "bKash moves to combat abuse of its logo in eight countries". The Daily Star. 26 January 2017. Retrieved 5 April 2017.
  4. "BB orders surveillance on terror financing". The Financial Express. Dhaka. Retrieved 5 April 2017.
  5. "Govt sits tomorrow to review its anti-money laundering efforts". The Financial Express. Dhaka. Retrieved 5 April 2017.
  6. "BB intel unit set to get autonomy". The Daily Star. 17 August 2015. Retrieved 5 April 2017.
  7. "Two-thirds of banks faced financial crimes in last two yrs: BIBM study". The Financial Express. Dhaka. Retrieved 5 April 2017.


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