Tuesday 24, May 2022
BN

Suspicious transactions, activities rose above 43%: BFIU

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.

BFIU released the FY2020-21 annual report at the Bangladesh Bank head office on Tuesday morning — The Business Post Photo

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.

SK

Leave a Reply

Your email address will not be published. Required fields are marked *