Reports on suspicious transactions and activity received by Bangladesh Financial Intelligence Unit (BFIU) rose by 43.67 per cent in the fiscal year 2020-21.
Suspicious transactions have been increasing due to fraudulent activities in e-commerce and MLM businesses, as per the BFIU’s yearly report.
The anti-money laundering agency released the annual report at the Bangladesh Bank head office on Tuesday morning.
In FY2020-21, the Bangladesh Financial Intelligence Unit (BFIU) received 5,280 suspicious transaction reports (STR) and suspicious activity reports (SAR), which was 3,675 in the fiscal year 2019-20.
The BFIU is responsible for analysing STR, SAR, cash transaction reports, and information related to money laundering and terrorist financing received from reporting agencies and other sources.
More to follow...
