$49.65b siphoned off from Bangladesh in 6 years

Over US$49.65 billion has gone out of Bangladesh through trade-based illicit financial flows (IFFs) only in six years, according to an international watchdog's findings on the money laundering between 2009 and 2015. The Global Financial Integrity (GFI) in its latest report, published on December 16, calculates the country figure from the

MBL organizes training on money laundering

A day-long Training Program on “Prevention of Money Laundering & Combating the Financing of Terrorism” was held on recently, said a press relrease. In Madaripur for the officials of different scheduled Banks operating in Madaripur & Shariatpur Districts. Mercantile Bank Ltd arranged the Training Program as Lead Bank under the guidance

FSIBL holds workshop on money laundering, combating financing of terrorism

First Security Islami Bank Limited (FSIBL) organized a daylong workshop on Anti Money Laundering & Combating Financing of Terrorism titled ‘BAMLCO Conference-2021’ with the participation of all Branch Anti Money Laundering Compliance Officers (BAMLCOs) of the bank. Mr. Md. Masud Biswas, Head (Current Charge) of Bangladesh Financial Intelligence Unit (BFIU) and

MBL holds money laundering prevention training

Mercantile Bank Limited organized a virtual Training on ‘Prevention of Money Laundering & Terrorist Financing’ recently, a press resale said. Head of Branches, Manager Operations and Desk officials from 10 Model Branches of the bank, all Officials from Internal Control & Compliance Division along with respective Unit & Divisional Heads from

MBL holds virtual training on prevention of money laundering

Mercantile Bank Limited organized a virtual training on ‘Prevention of Money Laundering and Combating Financing against Terrorism’, a press release said. A total number of 100 officials from different branches of the bank attended the online program through two steps. Shamim Ahmed, DMD and CAMLCO of the bank inaugurated the virtual training.

MBL arranges training on prevention of money laundering

Mercantile Bank Limited organized a virtual training on ‘Prevention of Trade Based Money Laundering’ with a total number of 116 officials from AD branches of the bank recently, a press release said on Wednesday. Shamim Ahmed, DMD and CAMLCO of the bank inaugurated the virtual training and advised participating officers to

Paradise is full of money launderers

Finance Minister AHM Mustafa Kamal, one of the most beleaguered people in Bangladesh as a last desperate measure has asked for names from the Opposition of money launderers. This is not the first time that the authorities in Bangladesh have sought the help of the Opposition and can be read

HC summons PK Halder, 128 loan defaulters

The High Court (HC) on Wednesday summoned 129 loan defaulters, including Proshanta Kumar Halder, the disgraced director of International Leasing and Finance Service Ltd (ILFSL), to explain how they would refund the borrowed money. They have been asked to appear before the court on May 24, 25 with plans so that