Follow-up report to Bangladesh's assessment of anti-money laundering and counter-terrorist financing measures

Publication details

Language

English

Country

Bangladesh

APG-Follow-Up-Report-Bangladesh-2020

Filename
APG-Follow-Up-Report-Bangladesh-2020.pdf
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382 KB
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application/pdf
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The Mutual Evaluation Report of Bangladesh was adopted in 2016.

This follow-up report analyses the progress of Bangladesh in addressing the technical compliance deficiencies identified in its MER and ensuing 2018 and 2019 Follow-Up Reports.

Overall, Bangladesh has made progress in addressing the technical compliance deficiencies identified in its MER and ratings have been upgraded on 2 Recommendations:

  • Bangladesh has been re-rated to largely compliant on Recommendation 28
  • Bangladesh has been re-rated to compliant on Recommendation 33

The new obligations related to VA and VASPs under R.15 has reduced the level of compliance with R.15 to partially compliant.

Bangladesh will remain in enhanced follow-up, and will continue to report back to the APG on progress to strengthen its implementation of AML/CFT measures.

APG Follow-Up Report Bangladesh 2019

APG 2nd Follow-Up Report of Bangladesh - 2018

APG Mutual Evaluation of Bangladesh - 2016

APG

Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

Bangladesh Mutual Evaluation 2016

R.1 - Assessing risk & applying risk-based approach
PC
R.2 - National cooperation and coordination
LC
R.3 - Money laundering offence
LC
R.4 - Confiscation and provisional measures
LC
R.5 - Terrorist financing offence
LC
R.6 - Targeted financial sanctions related to terrorism & terrorist financing
C
R.7 - Targeted financial sanctions related to proliferation
LC
R.8 - Non-profit organisations
LC
R.9 - Financial institution secrecy laws
PC
R.10 - Customer due diligence
LC
R.11 - Record keeping
C
R.12 - Politically exposed persons
LC
R.13 - Correspondent banking
LC
R.14 - Money or value transfer services
LC
R.15 - New technologies
C
R.16 - Wire transfers
PC
R.17 - Reliance on third parties
LC
R.18 - Internal controls and foreign branches and subsidiaries
PC
R.19 - Higher-risk countries
PC
R.20 - Reporting of suspicious transactions
C
R.21 - Tipping-off and confidentiality
C
R.22 - DNFBPs: Customer due diligence
LC
R.23 - DNFBPs: Other measures
LC
R.24 - Transparency and beneficial ownership of legal persons
PC
R.25 - Transparency and beneficial ownership of legal arrangements
PC
R.26 - Regulation and supervision of financial institutions
PC
R.27 - Powers of supervisors
LC
R.28 - Regulation and supervision of DNFBPs
PC
R.29 - Financial intelligence units
LC
R.30 - Responsibilities of law enforcement and investigative authorities
C
R.31 - Powers of law enforcement and investigative authorities
LC
R.32 - Cash couriers
LC
R.33 - Statistics
PC
R.34 - Guidance and feedback
PC
R.35- Sanctions
PC
R.36 - International instruments
LC
R.37 - Mutual legal assistance
LC
R.38 - Mutual legal assistance: freezing and confiscation
LC
R.39 - Extradition
LC
R.40 - Other forms of international cooperation
LC

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant