Dhaka, Feb. 1 -- Illicit fund flows pose a significant risk to the integrity of the banking system and present persistent challenges for regulators operating under risk-based supervisory frameworks. In recent years, Bangladesh has formally moved towards implementing risk-based supervision, reflecting a broader shift away from purely compliance-driven oversight. One of the most complex manifestations of these risks is Trade-Based Money Laundering (TBML), which takes place through legitimate international trade transactions. Despite the growing effectiveness of risk-based approaches for detection, control, and oversight, TBML frameworks in many developing countries, including Bangladesh, still rely largely on compliance-based systems. Tradi...