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Bangladesh Financial Intelligence Unit

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Full article adapted from Wikipedia revision 1368834136 by Wikipedia contributors. Text is available under CC BY-SA 4.0. Formatting has been adapted; article text and references are retained. Snapshot imported 2026-09-25.
Government agency of Bangladesh

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Bangladesh Financial Intelligence Unit
বাংলাদেশ ফাইন্যান্সিয়াল ইন্টেলিজেন্স ইউনিট
Seal of Bangladesh Financial Intelligence Unit
Agency overview
FormedJune 2002; 24 years ago (2002-06)
TypeFinancial intelligence
JurisdictionGovernment of Bangladesh
Headquarters
Agency executive
  • Iqtiaruddin Md. Mamun, Head
Parent agency
Bangladesh Bank
Websitebfiu.org.bd

The Bangladesh Financial Intelligence Unit (BFIU) is a government agency involved in fighting money laundering, terrorist financing, and other financial crimes. It receives suspicious transaction/activity reports, cash transaction reports, and other reports of financial transactions related to illegal activities. It analyzes the reports and shares the resulting financial intelligence with relevant authorities.[1][2]

History

The unit was founded as the Anti-Money Laundering Department of Bangladesh Bank in June 2002. The name of the department was changed to Bangladesh Financial Intelligence Unit on 25 January 2012 through the Money Laundering Prevention Act, 2012.[3] The Asia/Pacific Group on Money Laundering recommended that the government form the unit.[4] In 2015, the government of Bangladesh announced plans to provide autonomy to the unit.[5] In 2016, the Bangladesh Bank confirmed the unit has been made autonomous.[6]

In September 2021, the BFIU sent letters to banks requesting the bank details of 11 elected journalist leaders from the Bangladesh Federal Union of Journalists, Dhaka Reporters Unity, Dhaka Union of Journalists, and the National Press Club.[7][8][9] The move was condemned by the opposition Bangladesh Nationalist Party, which described it as a tactic to scare journalists.[10]

On 24 January 2022, the BFIU sought account information of Nobel Peace Prize winner Muhammad Yunus, a political opponent of Prime Minister Sheikh Hasina.[11][12]

References

  1. ^ "BFIU at a Glance". Bangladesh Financial Intelligence Unit (BFIU). Retrieved 28 January 2023.
  2. ^ "Bangladesh Bank stolen reserve money due in a week". Dhaka Tribune. 7 November 2016. Retrieved 5 April 2017.
  3. ^ "Establishment". Bangladesh Financial Intelligence Unit (BFIU).
  4. ^ "Govt sits tomorrow to review its anti-money laundering efforts". The Financial Express. Dhaka. 22 March 2017. Retrieved 5 April 2017.
  5. ^ "BB intel unit set to get autonomy". The Daily Star. 17 August 2015. Retrieved 5 April 2017.
  6. ^ "Two-thirds of banks faced financial crimes in last two yrs: BIBM study". The Financial Express. Dhaka. 4 November 2016. Retrieved 5 April 2017.
  7. ^ "Asking for banking information on journalist leaders uncalled for: Home minister". The Business Standard. 20 September 2021. Retrieved 26 September 2021.
  8. ^ "BFIU seeks bank details of journalist leaders". New Age. 13 September 2021. Retrieved 26 September 2021.
  9. ^ "BFIU seeking bank details of 11 journalist leaders to 'fume adversity between mass media, govt'". The Daily Star. 18 September 2021. Retrieved 26 September 2021.
  10. ^ "BNP: Bank account details sought to intimidate journalists". Dhaka Tribune. 20 September 2021. Retrieved 26 September 2021.
  11. ^ "BFIU seeks bank info of Dr Yunus". The Business Standard. 24 January 2022. Retrieved 24 January 2022.
  12. ^ "How Grameen founder Muhammad Yunus fell from grace". BBC News. 5 April 2011. Retrieved 24 January 2022.
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