THIS article aims to respond to the recent directives of the Bangladesh Bank, suggesting that banks may not share profits with their depositors. This raises a foundational question: what are the sources of these profits? More broadly, what are the sources of income that allow Bangladesh Bank and commercial banks to pay salaries and employee benefits and cover their...
Finance adviser Salehuddin Ahmed on Tuesday said that they might drop the undisclosed money legalisation facility from the measures proposed in the national budget for the 2025-26 financial year.
The interim government has retained the opportunity to invest undisclosed money in real estate sector, particularly through the purchase or construction of apartments and buildings albeit with a sharp increase in associated tax rates...
Vision on Wednesday launched its ‘Money back guarantee offer’ campaign in an event in Dhaka, said a press release...
BANGLADESH has registered a surge in suspicious financial transactions and activities during the tenure of the interim government, installed after the fall of the Awami League regime on August 5, 2024, which suggests that it has not done enough to contain money laundering. The most recent annual report of the Bangladesh Financial Intelligence Unit says that suspicious...
A money exchange trader was shot and robbed of about Tk 22 lakh, including foreign currencies, in broad daylight in Dhaka’s Mirpur area Monday morning...
The number of reports on suspicious transactions and activities related to money laundering rose by 56.41 per cent in July-May period of the financial year 2024-25 amid increased cash transactions and fraudulent activities following the political shift on August 5, 2024...
Regarding the issue of bringing back the money laundered abroad, Bangladesh Bank governor Ahsan H Mansur said that this is a political commitment of the interim government...
MetLife Bangladesh has recently organised a daylong training workshop on ‘Prevention of Money Laundering and Terrorist Financing’ for branch managers and unit managers of MetLife’s Chattogram region, said a press release...
Finance adviser Salehuddin Ahmed on Tuesday said that the forthcoming national budget for the 2025-26 financial year would be a realistic one and there would be no printing of money for meeting the budget deficit...
The Anti-Corruption Commission on Tuesday filed two cases against former lawmaker Syeda Rubina Akter Meera and her husband Md Mosharraf Hossain Raja allegedly for amassing illegal assets and laundering money...
Jamuna Bank PLC has recently launched a comprehensive automated anti-money laundering solution, said a press release...
Mercantile Bank PLC has organised a training programme on ‘Prevention of money laundering and combating financing against terrorism’ for officials of Chattaogram, Feni, Noakhali and Cumilla regions, said a press release...
Bangladesh Garment Sramik Samhati along with labour representatives of 22 factories, affected in an alleged financial fraud by an Australian brand, on Saturday held a demonstration and submitted a memorandum to the Australian High Commission in Dhaka...
Major political parties, opposed to one another in field politics, wanted Article 70 of the constitution reformed but restricting lawmakers from voting against party decisions on money bill and no-confidence motion...
Bangladesh Bank governor Ahsan H Mansur said that the Bangladesh Financial Intelligence Unit, the central bank and other government organisations were working to bring back laundered money by forming an inter-agency taskforce.
bKash agents can now receive and transfer e-money all day long through Agent app, said a press release...
The Anti-Corruption Commission is launching an inquiry into the allegations of corruption, including money laundering, against national team cricketer and former Awami League lawmaker Shakib Al Hasan...
NCC Bank celebrated Financial Literacy Week 2025 with the theme ‘Think Before You Follow, Wise Money Tomorrow’, which focused on integrating unbanked and marginalised people into the financial system...
THE syphoning of money has been a hot topic in Bangladesh and many reports have been published in the aftermath of the 2024 political changeover as many stalwarts of the then ruling party were accused of transferring money abroad illegally. Syphoning out money from one country to another is a common method of money laundering. Money laundering simply...
The Appellate Division on Wednesday set April 23 for delivering its verdict on Nobel laureate Muhammad Yunus’ appeal to quash a money laundering case against him...
The Anti-Corruption Commission on Thursday filed a case against 11 people, including former IFIC Bank chairman Salman Fazlur Rahman and his son, Ahmed Sayan Fazlur Rahman, on charges of embezzling Tk 33.64 crore and laundering Tk 76 crore...
The Bangladesh interim government led by chief adviser Professor Muhammad Yunus will enact a special law soon to facilitate the process of bringing back the money laundered from the country...
The National Board of Revenue has issued a notification introducing the ‘Customs Risk Management Regulations, 2025’ aimed at addressing economic risks such as money laundering and terrorism financing...
The Anti-Corruption Commission’s lawyer on Tuesday conceded to the arguments presented before the Appellate Division by businessman Giasuddin Al Mamun’s lawyer seeking Mamun’s acquittal in a Tk 20-crore money laundering case...
The interbank call money rate has remained steady at 10 per cent since November 2024, as banks have been reluctant to borrow at high rates amid the current business climate.
The country as a whole is going through one of the most difficult periods, created by the previous authoritarian regime through corruption and money laundering and it has left a deep scar on Bangladesh’s overall economy and financial system...
Police in Mauritius on Sunday arrested the island's former prime minister Pravind Jugnauth in a money-laundering probe and seized stacks of cash in raids on fellow suspects' homes, officials said.
Prize money for the eight-nation Champions Trophy starting in Pakistan next week has been increased by 53 per cent, the International Cricket Council said Friday.
The Anti-Corruption Commission has sent letters to 12 countries, seeking information about individuals, including former United Kingdom’s city minister Tulip Siddiq, who were allegedly involved in money laundering...
