Bangladesh has established a new body to detect and prevent trade-based money laundering (TBML) through under- and over-invoicing in international trade.

The new transfer pricing cell (TPC) has a specific remit to focus on customs duty and VAT evasion, and is additional to existing TPC operations that have no remit to focus on these areas and are more focused on domestic rather than international money laundering concerns.

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!