Investor Presentaiton

Provisions Measures to Prevent Money- Laundering and Anti- Money Laundering (Art. 14, 52, and 58) Progress made • Creation of a potentially effective legal framework ➤ Enactment of the Money Laundering Prevention Act in 2002; further improvement with amendments in 2012 and 2015 Adoption of the Money Laundering Prevention Rules in 2019 Several authorities have been designated by law to combat money laundering Bangladesh Financial Intelligence Unit (BFIU), with its membership in the Egmont Group, has access to a wide range of opportunities for international cooperation Challenges Lack of implementation and enforcement The authority of the ACC has been grossly undermined; authority devolved to relevant agencies without ensuring coordination Political influence hinders proper enforcement of the potential legal and institutional capacity Capacity constraints in investigating and prosecuting increasingly sophisticated money-laundering offenses Advantages of international cooperation in identifying and repatriating stolen assets remain untapped

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