Bangladesh has improved in the prevention of money laundering and financing in terrorism, going up five positions in the Switzerland-based Basel Anti-Money Laundering (AML) Index 2023.
Bangladesh earlier ranked 41st on the index; it ranked 46th in 2023. Bangladesh Financial Intelligence Unit (BFIU) shared the information through a press release.
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Bangladesh made progress in implementing the Anti-Money Laundering and Anti-Terrorism Financing Act and has increased infrastructural facilities. As a result, Bangladesh moved up to number 46.
Every year, the Swiss organization reviews the performance of countries in the prevention of money laundering and financing of terrorism and prepares this index. Last year, Bangladesh improved by eight steps in Basel Anti-Money Laundering Index.
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