THE main challenge for the interim government in rebuilding the economy is to bring back the money laundered during the authoritarian Awami League regime toppled on August 5. The economic crisis, especially the dollar shortage, has largely been due to an unabated capital flight. A statement of the chief adviser鈥檚 office on August 31 said preliminary...
The United Nations Office on Drugs and Crime on Tuesday promised to provide full-fledged cooperation with the Anti-Corruption Commission in preventing money laundering and...
A Rajshahi University teacher was relieved of academic and examinations activities on Monday on charge of corruption, arbitrariness, money embezzlement, and misbehaving with the students...
Finance, commerce and science and technology adviser Salehuddin Ahmed on Monday said that release of printing money worth around Tk 60,000 crore by the ousted government was the major bar to bringing down the runaway inflation...
Sentencing for Donald Trump in his New York hush money trial was delayed on Friday until after November鈥檚 election, a win for the Republican as he battles Kamala Harris in the knife-edge White House race...
The National Board of Revenue officially scrapped the option for taxpayers to legalise undisclosed income by paying a 15 per cent tax without undergoing any scrutiny.
The Criminal Investigation Department said that the agency has launched investigations against deposed prime minister Sheikh Hasina鈥檚 private industry and investment adviser Salman F Rahman and...
Thirteen people were injured on Friday night when alleged activists of a faction of Bangladesh Nationalist Party attacked three-wheeler drivers demanding extortion money at Rupatali Bus Terminal.
The Criminal Investigation Department on Saturday said that the agency launched an investigation against S Alam Group chairman and managing director Mohammed聽Saiful Alam, his wife and...
Adviser to the interim government on the ministries of finance and commerce Salehuddin Ahmed on Sunday categorically said that the government would not allow anyone for...
Bangladesh Nationalist Party standing committee member and former health and family welfare minister Khandker Mosharraf Hossain was acquitted in a money laundering case filed by the Anti-Corruption Commission...
The Bangladesh Nationalist Party said on Thursday that Switzerland was ready to cooperate with any initiative taken by the Bangladesh government to recover laundered money and democracy...
BANGLADESH has become increasingly indebted since 2009. The country鈥檚 external debt stock increased from $23.3 billion in 2008 to $100.6 billion in December 2023 thanks to the country鈥檚 mega-projects-led so-called development with borrowed money under the now-deposed authoritarian regime of Sheikh Hasina...
National Board of Revenue chairman Md Abdur Rahman Khan has strongly criticised the practice of whitening black money, calling it an 鈥榠ndecent deed鈥� and 鈥榯otally unacceptable,鈥� during a views exchange meeting on Sunday..
Finance and planning adviser Salehuddin Ahmed on Wednesday said that he had directed authorities concerned to speed up anti-money laundering activities without any favour and fear...
Protests erupted at several banks on Thursday with officials alleging that those who were not aligned with the government or bank owners and those who refused to engage in illegal activities had faced harassment and termination...
The interbank call money rate has remained low and barely effective recently, as banks have reluctant to lend money to each other due to a shortage of funds...
UCB Investment Limited has been awarded Euromoney Awards for Excellence 2024 as the 鈥楤est Investment Bank in Bangladesh鈥� recently, said a press release...
The money multiplier in Bangladesh reached a new high of 5.47, indicating that the taka is generating more money than before...
People have been suffering from a severe cash money shortage amid a countrywide curfew, general holidays and an internet blackout in the country for the past few days...
The High Court on Wednesday summarily rejected a petition filed by Nobel laureate Professor Muhammad Yunus and six of his Grameen Telecom colleagues for cancellation of embezzlement and money laundering charges against them...
Dhaka Special Judge鈥檚 Court-4 on Monday deferred recording the testimony of prosecution witnesses till August 5th in a case filed against Nobel laureate Professor Muhammad Yunus and 13 others under the Money Laundering Prevention Act...
The Daffodil International University authorities along with Prime Islami Life Insurance Company Ltd handed over Tk 1.2 crore death insurance claim cheque to 40 students of the university at a programme on Tuesday...
The Hong Kong Monetary Authority fined the local arm of Singapore's DBS Bank HK$10 million ($1.3 million) for breaches of its anti-money laundering law, the banking regulator said on Friday.
The parliament passed the Finance Bill 2024 on Saturday while retaining in it the controversial provision of legalising undeclared wealth by paying a...
Singapore has seized S$6 billion ($4.4 billion) linked to crime and money laundering since 2019, the wealthy city state said Wednesday, after a massive dirty money scandal marred its squeaky clean reputation last year.
The Dhaka Special Judge鈥檚 Court-4 on Wednesday charged Nobel laureate Professor Muhammad Yunus and 13 others with embezzlement of Tk 25.22 crore of Grameen Telecom Workers鈥� Welfare Fund...
A number of ruling Awami League lawmakers on Tuesday spoke in favour of keeping illegal money legalising provisions, taking part in a general discussion on the proposed budget for the 2024鈥�25 financial year in Jatiya Sangsad...
The Workers Party of Bangladesh, a partner in the Awami League-led alliance, will hold nationwide demonstrations on June 25, protesting against government鈥檚 failures, including price hikes of essential commodities, mass corruption, money laundering, and mismanagement in the banking sector...
ILLEGAL cross-border money transfers or suspicious transactions have been a concern for Bangladesh, which has taken new heights following the recent instability in the foreign exchange market and subsequent resource. The Bangladesh Financial Intelligent Unit received, according to a budget document...