Imperative of rebuilding financial integrity
Bangladesh, Aug. 15 -- The Asia-Pacific Group (APG) on Money Laundering has confirmed what years of persistent reporting had already made clear to close observers of Bangladesh's banking sector. Its delegation recently left Dhaka appalled by the scale of irregularities, looting and money laundering that flourished under the previous Awami League regime. This carries serious consequences as Bangladesh prepares for its fourth Mutual Evaluation in 2027 and 2028. The country had once exited the APG grey list in 2014 after years of remedial effort, and the compliant rating earned in the 2016 evaluation was celebrated at the time as evidence of durable institutional reform. That celebration now looks grotesque in hindsight. Whatever technical c...
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