The government of Bangladesh has released a paper naming the countries that are prime destinations for illicit financial flows (IFFs) out of the country. They include the US and the UK, Canada, Australia, Singapore, Hong Kong, the UAE, Malaysia and the British Virgin Islands.

The paper also says the authorities will specifically focus on trade based money laundering (TBML) in their efforts to crackdown on IFFs.

You need to be logged in to view this article.

If you are an existing subscriber please enter your credentials to log in.

To become a member of The Association of Trade Finance Compliance Professionals (ATFCP) click here!