Combating Money Laundering in Bangladesh: Challenges, Developments and Prospects

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Bangladesh faces significant money laundering risks, with estimates of USD 12 to 15 billion laundered annually, highlighting the need for robust frameworks.
The Money Laundering Prevention Act (2012) and Anti-Terrorism Act (2009) mark legal advancements, yet enforcement issues persist amid weak inter-agency coordination.
Private banks like BRAC Bank implement compliance frameworks, yet challenges from fintech require technological adoption for increased effectiveness.
Despite legal reforms and cooperation, achieving a resilient anti-money laundering regime in Bangladesh needs structural reforms and commitment to transparency.

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Thesis explores anti-money laundering strategies in Bangladesh, highlighting challenges due to corruption and emerging fintech risks.

Rashid et al. (2025) studied this question.

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