What is the Bangladesh bank money-laundering prevention act
Money laundering is viewed as an offence since it has conceivably wrecking financial, security, and social outcomes. It is a road for drug dealers, psychological militants, smugglers, unlawful arms sellers, degenerate public authorities, and others to work and extend their criminal undertakings. It can likewise antagonistically influence an assortment of government income and denies the administration of due incomes. The Government of Bangladesh proclaimed the Money Laundering Prevention Act, 2002. Therefore, so as to fulfill rising global guidelines, resulting alterations were made in 2008 and 2012. The principle goal of the 2012 Act is to handle the unlawful cash movement to various nations. So as to practice the forces, and play out the obligations, vested in Bangladesh Bank, a different unit named Bangladesh Financial Intelligence Unit (BFIU) has been set up inside Bangladesh Bank.
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