Bangladesh government on October 11, 2015 through an ordinance, amended the Money Laundering Prevention Act 2012.

First anti-money laundering legislation of Bangladesh is the Money Laundering Prevention Act, 2002. It was replaced by the Money Laundering Prevention Ordinance 2008. Subsequently, the ordinance was repealed by the Money Laundering Prevention Act, 2009. In 2012, government again replace it with the Money Laundering Prevention Act, 2012.

Key Changes

Investigation agency

From now on Anti-corruption commission, Police and any other agency nominated by Bangladesh Financial Intelligence Unit (BFIU) may conduct any investigation. Previously only ACC was allowed to conduct investigation for money laundering related crimes. [Read more…] about Money Laundering Act 2012 amended