BANGLADESH INSTITUTE OF INTERNATIONAL AND STRATEGIC STUDIES

ANTI-MONEY LAUNDERING/COMBATING THE FINANCING OF TERRORISM (AML/CFT)REGIME IN BANGLADESH: AN APPRAISAL

Author: Samia Zaman

DOI Link: https://www.doi.org/10.56888/BIISSj2018v39n1a3

ABSTRACT

Money Laundering (ML) and Terrorist Financing (TF) are global phenomena with pervasive politico-economic implications. These two menaces undermine the financial stability and integrity of a country. Crimes related to ML and TF have become more apparent in a couple of decades. Most countries of the world have responded to the menaces by building Anti-Money Laundering/ Combating the Financing of Terrorism (AML/CFT) regime. This trend gained a special momentum after the deadly and tragic events of 9/11. Countries all over the world continue to evolve their AML/CFT regimes to better cope with the changing situation. They are creating new laws and updating the existing ones; building institutional arrangements; enhancing cooperation with different inter-governmental bodies which promote AML/CFT policies and monitor member countries’ progress. Bangladesh has developed its own AML/CFT regime. The aim and purpose of this paper is to analyze the development of AML/CFT regime in Bangladesh. It also intends to evaluate the existing AML/CFT regime in the country.