BANGLADESH BOLSTERS CRUSADE AGAINST MONEY LAUNDERING
August 1st, 2014
AFTER upgrading its laws against money laundering, Bangladesh has earned praise from anti-money laundering (AML) watchdogs however implementing this legislation remains an uphill challenge. Satisfied with the progress Bangladesh made toward plugging "strategic deficiencies" in its AML and combating the financing of terrorism (CFT) regime, the Financial Action Task Force (FATF) removed the country from its special watchlist. FATF released a communiqué in February, saying: “Bangladesh is…no longer subject to FATF’s monitoring process under its on-going ...
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