Featured Bangladesh

U.S. Calls North Korean Hackers ‘World’s Leading Bank Robbers’

North Korea was accused of being behind the 2014 hack of an internal computer network of Sony Pictures Entertainment Inc., an audacious attack that exposed Hollywood secrets and destroyed company data. On Wednesday, U.S. officials said that was only the beginning. In indicting three North Korean computer programmers… Read More

Bangladesh scores $1.2bn through tax amnesty offer

For Bangladesh, the six months through December amounted to a watershed as a record-breaking $1.2 billion in assets were legalized and thus prevented from ending up parked overseas. The “unprecedented” response by over 7,500 Bangladeshis to a tax amnesty program that lasts through June highlights how much black money vacations… Read More

Gang close to Bangladesh PM extracts bribes for state contracts

A criminal gang is colluding with Bangladesh’s security forces to extract bribes for state contracts and job positions, all the while maintaining powerful links with the country’s Prime Minister Sheikh Hasina, an Al Jazeera investigation has found. All the Prime Minister’s Men reveals how Haris and… Read More
29th December 2020
A Dhaka court has ordered banks to freeze 617 accounts that belong to MP Kazi Shahid Islam Papul and his family members who are facing charges of money laundering and human trafficking. It also ordered the authorities to seize 92 registered properties of Shahid and his family. Judge KM Imrul… Read More
3rd November 2020
Nasir Uddin, a businessman who uses an account in Premier Bank’s Rokeya Sarani branch in Dhaka’s Shewrapara for regular transactions, sought a loan from another bank to buy a flat. But the Bangladesh Bank denied him a no-objection certificate, saying that he already had an active loan of around Tk… Read More
22nd September 2020
Filipino remittance firms were investigated in the aftermath of the 2016 cyber-heist that siphoned off $81 million from the central bank of Bangladesh. Documents now show that a few years before the daring theft, these remittance firms had moved millions of U.S. dollars in “suspicious” transactions, raising the question as… Read More
3rd September 2020
The UAE has made it mandatory for Hawala service providers in the country to register, as the country strengthens its anti-money laundering and counter terrorist financing (AML/CFT) framework, the Central Bank said in a statement on Monday. The announcement was made following the sixth meeting of the National Committee for… Read More
28th August 2020
Banks and financial institutions across South Asia need to redesign their processes to deal with cases of money laundering even as they are facing increased challenges in meeting heightened regulatory expectations, consultancy firm Deloitte said in its latest South Asia Anti-Money Laundering Preparedness Survey. The survey will be… Read More
22nd June 2020
While Bangladesh is depending on global lenders for aid to weather coronavirus-induced health and economic crises, its medical administration remains unusually generous to suppliers of medical equipment and services. The Directorate General of Health Services, the country’s national health agency, quotes prices paid for procurement of medical personnel safety goggles,… Read More
9th June 2020
Due to an alleged involvement in human trafficking and money laundering, Kuwait officials have confirmed that a Bangladeshi lawmaker has been arrested. Kuwaiti Public Prosecution ordered remanding MP, Mohammad Shahid Islam, pending investigation, after being referred by the residence investigation department, which arrested him in the Musharraf area on Saturday. Read More
5th November 2019
AP — As gamblers called out bets around craps and roulette tables at a sports club in Bangladesh’s capital, dozens of black-clad security forces burst inside. Gamblers were ordered to the floor as police and members of Bangladesh’s Rapid Action Battalion, which normally handles major counterterrorism operations, cracked open iron… Read More
25th September 2019
The Rizal Commercial Banking Corporation (RCBC) was accused Tuesday of suppressing evidence in the money laundering case against some of its current and former officials. A Department of Justice (DOJ) prosecutor and legal officers of the Anti-Money Laundering Council (AMLC) Secretariat made the accusation, a copy of the motion obtained… Read More
13th March 2019
A Philippine bank has filed a lawsuit accusing Bangladesh’s central bank of defamation, hitting back at what it says are baseless claims of its complicity in the world’s biggest cyber heist. In February 2016, criminals used fraudulent orders on the SWIFT payments system to steal $81 million from the Bangladesh… Read More