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Bangladesh Now A Kleptocracy – OpEd

Bangladesh Now A Kleptocracy – OpEd
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Explaining the potential exodus of funds from Bangladesh

Capital flight from Bangladesh: Historically, Bangladesh’s financial account averages an inflow of about 2.5 percent of GDP. But in 2022-23, it experienced an outflow of 0.5 percent of GDP, which is quite a significant reversal. This has prompted the IMF to express concern that Bangladesh might have experienced capital flight in the last financial year.

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No study report on cross-border money laundering

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National-strategy
Money-laundering
Combating-financing
Bangladesh-financial-intelligence-unit

Govt agencies yet to initiate study though deadline ends

Three government entities have failed to carry out a study to find out the amount of illicit financial flow from Bangladesh, where they were siphoned and how as part of the country’s efforts to contain cross-border money laundering.

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