Money Laundering Laws in Bangladesh -A Legal Study

Abstract

Money laundering is a pervasive challenge undermining the financial stability and economic development of nations. This research critically examines the legal framework addressing money laundering in Bangladesh. It evaluates the effectiveness of existing legislation, such as the Money Laundering Prevention Act (MLPA), and the role of regulatory authorities like the Bangladesh Financial Intelligence Unit (BFIU). The study also explores the compliance of Bangladesh’s laws with international standards, particularly those prescribed by the Financial Action Task Force (FATF). Drawing upon case studies and data analysis, the research identifies legal loopholes and enforcement challenges. Finally, it provides policy recommendations for strengthening the legal regime to combat money laundering effectively and promote transparency in financial transactions.