Suspicious transactions and activities increase by 65% in FY23: BFIU BFIU
File photo/Wikimedia Commons/Captain Raju

Suspicious transactions and activities increase by 65% in FY23: BFIU

Bangladesh Live News | @banglalivenews | 20 Feb 2024, 03:26 pm

Dhaka, Feb 20: Suspicious transactions in the country's financial sector have increased by 64.58 percent in the last one year. The number of suspicious transactions in the financial year 2022-23 was 14,106, which was 8,571 in the previous financial year (2021-22).

This information has been highlighted in the annual report of Bangladesh Financial Intelligence Unit (BFIU) for the financial year 2022-23 organized by Bangladesh Bank on Tuesday (February 20).

BFIU chief Masud Biswas and senior officials of the organization were present at the report release programme.

According to the report, suspicious transactions have increased by 5,535 in the last one year.

Masud Biswas said in the press conference, “Not all Suspicious Transactions (STRs) are crimes. Investigate suspicious transactions. After that, if there is evidence of any crime, we take action against them."

He said, “80% of money laundering is done through banks. It is difficult to control if the bank does not cooperate with it. Because once money is laundered, it cannot be brought back.”

He said, it has been proposed to make MoUs with 10 countries for bringing back the smuggled money and cooperation.

In response to a question, he said that based on the information of BFIU, 59 cases of money laundering have been registered. Among them, Anti Corruption Commission (ACC) has filed 47 cases, CID 10 and NBR's special cell two. These are not settled yet.