Prevention of Money Laundering: Reforms and Implementations

Abstract

Money Laundering (ML) is an issue much-discussed all over the world including Bangladesh. States and number of transnational organizations are concerned about the issue and have taken various steps in preventing ML and controlling activities associated with it at both national and international levels. The government of Bangladesh has also acted on many forums to prevent ML. However, no significant result is evident in this regard. The aim of the study is to explore the concept of ML, determine the existing laws concerning Anti Money Laundering (AML), money laundering prevention mechanism and also examine the role of the government of Bangladesh in preventing ML. The study has been conducted on an elaborate pattern of 06 (six) chapters with sections and sub-sections. The introductory chapter includes the Background of the study,literature review, methodological aspect and objectives of the study, along with its necessity, scope and limitations. The second chapter discuss of Money laundering and prevention mechanism, Chapter Three explains the term Impacts of money laundering in Bangladesh, chapter four focuses on the Existing Legal framework on money laundering and its prevention, chapter five describe with the Implementation of anti Money Laundering laws in Bangladesh, and The concluding chapter puts forward some suggestions on the basis of the summaries of findings and identifies specific challenges addressed in the thesis.