To combat corruption and money laundering amid the country’s evolving situation, the Bangladesh Financial Intelligence Unit (BFIU) has issued a stern warning to banks. During a meeting with anti-money laundering officers from all state-owned and private banks, BFIU emphasized the need for immediate action on suspicious transactions and stated that no exemptions will be granted based on personal connections or nepotism. All suspicious transactions must be reported, and if necessary, accounts can be frozen or seized. This directive comes in the wake of a recent attack on the BFIU head by central bank officials, leading to their dismissal. The current unrest has led to attempts by corrupt officials to withdraw large sums of money; for instance, on Wednesday, Islami Bank rejected a check for Tk 548 crore from Top Ten Trading Company due to suspicious circumstances and a closed contact number.
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