Bangladesh
Overview
Bangladesh’s modern AML/CFT framework is anchored in the Money Laundering Prevention Act 2012, the Anti-Terrorism Act 2009 and implementing rules/circulars issued through Bangladesh Bank and the Bangladesh Financial Intelligence Unit (BFIU). The mapped primary-source layer distinguishes the 2012 statutory framework from later sector instructions and 2026 e-KYC updates.
Beneficial-owner identification is embedded in Bangladesh’s CDD framework and is supported by dedicated BFIU beneficial-ownership guidance. The Deep profile maps that legal/guidance layer separately from questions of registry coverage and practical effectiveness rather than treating a BO definition as proof of complete transparency.
BFIU circulars impose sector-specific CDD, monitoring, STR/SAR and CTR requirements across banks, financial institutions, insurance, capital-market intermediaries, money changers, mobile financial services and DNFBPs. The 2026 circular set also updates transaction-monitoring and e-KYC implementation.
Compliance Calendar3
Requirement
Cash Transaction Reporting (CTR)
Authority / Report toBFIU
Timing statusNo public due date or filing cycle verified.
Requirement
- Subject scope
- Reporting organisations within the BFIU cash-transaction reporting regime.
- Trigger
- Reportable cash transactions under the operative BFIU threshold/circular.
- Filing channel
- BFIU reporting infrastructure.
- Legal basis
- BFIU Annual Report 2024–2025Current FIU institutional/reporting evidenceBFIU · circularsOfficial circular repositoryBFIU · Current AML/CFT guidanceFIU guidance repositoryBFIU Circular Letter No. 01 · temporary weekly CTR instructionHistorical reporting-change evidenceBFIU Circular Letter No. 04 · cancellation of Circular Letter No. 01Current-state / cancellation evidence
Impact
- Consequences of non-compliance
- Late/non-reporting may lead to BFIU/supervisory enforcement under the AML framework.
- Enforcement authority
- BFIU / relevant supervisor
- Operational impact
- Do not continue the cancelled January–February 2026 weekly CTR cadence. Keep current CTR configuration tied to BFIU Circular No. 26 and any later operative instruction.
Requirement
Related-account notification after a BFIU freezing order
Authority / Report toBangladesh Financial Intelligence Unit (BFIU)
Deadline / triggerImmediately notify BFIU of the frozen account and information on other related accounts.
Requirement
- Subject scope
- Reporting organisations receiving an account-freezing order from the Bangladesh Financial Intelligence Unit.
- Trigger
- Receipt of a BFIU order freezing an account.
- Filing channel
- Notification to BFIU under Circular Letter No. 5; the mapped source does not specify a separate electronic channel.
Impact
- Consequences of non-compliance
- Failure to follow BFIU directions may trigger consequences under the applicable AML/CFT statutory and supervisory framework.
- Enforcement authority
- BFIU / relevant supervisor
- Operational impact
- Freezing-order procedures should include immediate related-account identification and escalation to BFIU, rather than treating the named frozen account as the only reporting object.
Requirement
Suspicious Transaction / Activity Report (STR/SAR)
Authority / Report toBangladesh Financial Intelligence Unit (BFIU)
Deadline / triggerReport in accordance with the current BFIU STR/SAR guidance. No universal day-count is verified in mapped sources.
Requirement
- Subject scope
- Reporting organisations under the Money Laundering Prevention Act and BFIU circular/guidance framework.
- Trigger
- Suspicion is identified under the applicable BFIU reporting standard.
- Filing channel
- BFIU electronic/reporting process under current guidance.
Impact
- Consequences of non-compliance
- Failure to report can trigger AML statutory and supervisory consequences; exact penalty depends on the duty and reporter.
- Enforcement authority
- BFIU / relevant supervisor
- Operational impact
- Institutions should map internal suspicion decisioning to the current BFIU reporting instruction rather than rely on legacy circular summaries.
Authorities & FIU1
FATF Assessment
Measures how fully the jurisdiction has implemented FATF’s technical requirements. It does not measure practical effectiveness.
Measures whether the AML/CFT system achieves its intended results in practice. Follow-up reports do not normally replace these ratings.
Explore 40 FATF RecommendationsSee every Technical Compliance rating and what it means.+
Explore 11 Immediate OutcomesSee how FATF rates whether the AML/CFT system works in practice.+
Regulatory Timeline45
Bangladesh Financial Intelligence Unit issued Circular No. 33 on 30 September 2026 with AML/CFT/CPF instructions for NGOs and NPOs.
Bangladesh Financial Intelligence Unit issued Circular No. 32 setting AML/CFT/CPF instructions for payment service providers and payment system operators (PSP/PSO).
Bangladesh Financial Intelligence Unit issued Circular No. 31 setting AML/CFT/CPF instructions for capital market intermediaries.
BFIU Circular Letter No. 5 instructs reporting organisations that, after receiving a BFIU account-freezing order, they must immediately inform BFIU of the frozen account and other related accounts.
Bangladesh Financial Intelligence Unit issued Circular No. 30 on 18 August 2026 with updated instructions for money changers under the Money Laundering Prevention Act 2012 and Anti-Terrorism Act 2009.
BFIU Circular No. 29 updates the electronic KYC implementation layer for insurance companies and capital-market intermediaries.
BFIU Circular Letter No. 04 cancelled Circular Letter No. 01 and ended the temporary weekly CTR filing instruction for scheduled banks.
BFIU issued Circular Letter No. 02 to scheduled banks to strengthen transaction-monitoring arrangements and, where necessary, promptly report suspicious transactions or activities.
BFIU issued Circular Letter No. 03 to mobile financial service providers to strengthen transaction monitoring, including monitoring of agents, distributors and merchant-operated transactions, and to promptly report suspicious activity where required.
BFIU Circular Letter No. 01 changed the cash-transaction-reporting cadence for scheduled banks to weekly reporting, with each weekly CTR to be submitted within three working days of the following week.
FATF revised Recommendation 16 to standardise payment information and strengthen fraud/error controls in cross-border payments.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗FATF amended Recommendation 1 and related interpretive material to strengthen proportionality and simplified measures under the risk-based approach.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗FATF revised Recommendations 4, 30, 31 and 38 and related interpretive material to make asset recovery a stronger operational priority, expand tools to trace and confiscate criminal property and improve domestic and international cooperation.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗At its February 2023 Plenary FATF revised Recommendation 25 and its Interpretive Note to strengthen transparency and beneficial-ownership requirements for trusts and similar legal arrangements, complementing the 2022 strengthening of Recommendation 24 for legal persons.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗FATF strengthened Recommendation 24 on beneficial ownership transparency for legal persons.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗FATF amended Recommendations 1 and 2 and their Interpretive Notes so countries and covered private-sector entities must identify, assess and mitigate risks of breaches, non-implementation or evasion of proliferation-related targeted financial sanctions.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗The Basel Committee revised its ML/TF risk-management guidelines to add principles for information exchange and cooperation between prudential and AML/CFT supervisors in authorisation, ongoing supervision and enforcement.
A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.
Basel Committee on Banking Supervision ↗FATF adopted detailed implementation requirements for virtual assets and VASPs in June 2019, including the application of wire-transfer information requirements commonly described as the Travel Rule. This operationalised the virtual-asset perimeter introduced through the 2018 Recommendation 15 revision.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗In October 2018 FATF revised Recommendation 15 and added the definitions of virtual asset and virtual asset service provider, formally bringing virtual-asset activity into the global AML/CFT standards architecture. Detailed implementation requirements followed in 2019.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗FATF removed Bangladesh from its on-going global AML/CFT compliance monitoring process.
The Basel Committee issued Sound management of risks related to money laundering and financing of terrorism, superseding its 2001 CDD and 2004 consolidated KYC papers and integrating ML/TF risk management with prudential supervisory expectations.
A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.
Basel Committee on Banking Supervision ↗The Egmont Group's official Member FIU Information register records Bangladesh's FIU admission date as 2013-07-03.
FATF adopted a consolidated revised set of 40 Recommendations integrating AML, CFT and proliferation-financing safeguards.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗The former AML Department was transformed into the Bangladesh Financial Intelligence Unit with statutory operational independence.
FATF identified Bangladesh in its on-going global AML/CFT compliance process.
Resolution 1737 imposed binding measures concerning Iran’s proliferation-sensitive nuclear activities, including an asset freeze on designated individuals and entities. Together with the DPRK regime, it forms a foundational UN counter-proliferation targeted-financial-sanctions architecture.
UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.
UN Charter · Article 25 ↗Following the DPRK nuclear test, Resolution 1718 imposed binding sanctions including an asset freeze on designated persons and entities connected to the nuclear programme. It became a central UN targeted-financial-sanctions pillar for counter-proliferation financing.
UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.
UN Charter · Article 25 ↗FATF added a ninth Special Recommendation addressing cash couriers and cross-border movement of currency.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗Resolution 1540 requires all States to adopt and enforce laws and domestic controls to prevent non-State actors from acquiring or using weapons of mass destruction and related materials. It forms a binding global legal pillar of the proliferation-financing control environment later reflected in FATF CPF standards.
UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.
UN Charter · Article 25 ↗The UN General Assembly adopted the United Nations Convention against Corruption on 31 October 2003. UNCAC addresses prevention of money laundering, laundering of corruption proceeds, confiscation and a dedicated asset-recovery framework; the Convention entered into force globally on 14 December 2005.
Current UN depositary relationship to 2003 UN Convention against Corruption. This is not a claim that the jurisdiction was already a Party on the GLOBAL event date; the national accession/ratification date is a separate LOCAL/STATUS fact.
UN Treaty Collection ↗FATF comprehensively revised its AML/CFT Recommendations, strengthening preventive measures and extending coverage.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗Bangladesh established the Anti-Money Laundering Department within Bangladesh Bank in June 2002, creating the institutional predecessor of BFIU.
The Basel Committee issued Customer due diligence for banks, setting minimum supervisory expectations for customer acceptance, identification, ongoing monitoring and risk management. It became an influential global banking KYC/CDD benchmark and was later reflected in FATF standards.
A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.
Basel Committee on Banking Supervision ↗FATF expanded its standards to terrorist financing through eight Special Recommendations.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗Resolution 1373 requires all States to prevent and suppress terrorist financing, criminalise the provision or collection of funds for terrorist acts, freeze terrorist assets without delay and prohibit making funds or financial services available to terrorists and related entities.
UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.
UN Charter · Article 25 ↗The Palermo Convention was adopted on 15 November 2000 and broadened the international money-laundering framework beyond drug proceeds through criminalisation and preventive measures tied to transnational organised crime. It entered into force globally on 29 September 2003.
Current UN depositary relationship to 2000 Palermo Convention. This is not a claim that the jurisdiction was already a Party on the GLOBAL event date; the national accession/ratification date is a separate LOCAL/STATUS fact.
UN Treaty Collection ↗The UN General Assembly adopted the International Convention for the Suppression of the Financing of Terrorism on 9 December 1999, creating the treaty framework for criminalising terrorist financing and international cooperation. It entered into force globally on 10 April 2002.
Current UN depositary relationship to 1999 Terrorist Financing Convention. This is not a claim that the jurisdiction was already a Party on the GLOBAL event date; the national accession/ratification date is a separate LOCAL/STATUS fact.
UN Treaty Collection ↗Resolution 1267 imposed an assets freeze and other targeted sanctions in the Taliban context and created the Security Council committee that became the foundation of the UN 1267 sanctions architecture. It is a key global precursor to modern terrorist-financing targeted financial sanctions.
UN Members agree to accept and carry out Security Council decisions. This current Charter relationship is not proof of the jurisdiction’s domestic implementation, nor a claim about its membership status on the historical event date.
UN Charter · Article 25 ↗Bangladesh is one of the 13 founding members of the Asia/Pacific Group on Money Laundering established in Bangkok on 27 February 1997.
FATF revised the Forty Recommendations to reflect evolving money-laundering methods and countermeasures.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗Representatives of 13 financial intelligence units met in Brussels on 9 June 1995 and founded what became the Egmont Group. The milestone created the operational global network for FIU-to-FIU cooperation and exchange of financial intelligence.
Current profile relationship to the Egmont network. This does not imply membership in 1995; admission history is a separate LOCAL/STATUS fact.
Egmont Group · Member FIUs ↗FATF issued its original Forty Recommendations, establishing the first global AML standard framework.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗The G7 established FATF in 1989 to examine and develop measures to combat money laundering. FATF became the central global standard-setting body whose recommendations are implemented through national and regional AML/CFT frameworks.
Current relationship. This is regional assessment network participation, not direct FATF membership. The GLOBAL standard remains separate from evidence of domestic implementation.
FATF Global Network ↗The Vienna Convention was adopted on 20 December 1988 and created the first treaty-level international obligation to criminalise laundering conduct linked to drug-trafficking proceeds, alongside confiscation and international-cooperation measures. It entered into force globally on 11 November 1990.
Current UN depositary relationship to 1988 Vienna Convention. This is not a claim that the jurisdiction was already a Party on the GLOBAL event date; the national accession/ratification date is a separate LOCAL/STATUS fact.
UN Treaty Collection ↗The Basel Committee published a Statement of Principles for banks aimed at reducing the risk that banking institutions would be used by criminals or as channels for money laundering. This helped establish the preventive and supervisory side of AML alongside the emerging criminal-law framework.
A Basel supervisory publication does not become domestic law merely because it is GLOBAL. National adoption, supervisory use or incorporation must be evidenced by a LOCAL milestone or source.
Basel Committee on Banking Supervision ↗