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Bangladesh Financial Intelligence Unit

About BFIU

Vision
A robust financial System in Bangladesh effectively deterring Money laundering, terrorist and proliferation financing and other related offences.

Mission
Putting in place effective legal, administrative and judicial arrangements for prevention of money laundering, terrorist & proliferation financing and other related offences; through-

Continual upgrading of AML/CFT legal and regulatory frameworks in line with the needs of evolving circumstances;

Maintaining broad based awareness of AML/CFT issues amongst regulators, law enforcers, reporting entities and the general people through workshops, seminars, public campaigns and so forth;

Developing human resources and required infrastructures of BFIU for effective intelligence management;

Building and strengthening of detecting and reporting capacities in the reporting entities in different sectors for ensuring better compliance;

Deepening liaisons between BFIU, law enforcement and judiciary authorities for expediting investigation, trial and adjudication of ML/TF offences; and

Strengthening contact and liaison with foreign FIUs for better information exchange in ML/TF offences; with regional and global bodies for sharing relevant experiences and upgrading AML/CFT best practices and standards.

Objectives
1.	To establish an effective and operational FlU;
2.	To playa vital role in ensuring an effective AML/CFT regime in Bangladesh;
3.	To adopt latest technologies and develop IT infrastructure and software to ensure strong reporting environment;
4.	To ensure seamless flow of information and ensure participation of all stakeholders on AML/CFT initiatives;
5.	To play an active role in the global AMLlCFT initiatives and ensure utmost cooperation at international level;
6.	To identify and address the emerging threats,' methods and techniques of money laundering, terrorist financing & proliferation financing of weapons of mass destructions; and
7.	To create awareness regarding Money Laundering and Terrorist Financing across the country;

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