Is this the real problem5 Aug 2022 12:15
Bangladesh is listed as one of the 30 leading money laundering countries in the world. Some analysts describe this problem as the cancer of its economy. According to the U.S.-based think tank, Global Financial Integrity (GFI), Bangladesh is among the countries that are worst affected by the scourge of trade-based money laundering. GFI statistics indicate that Bangladesh launders an average of $7.53 billion each year through international trade.
A recent report of the Swiss National Bank (SNB) says that “the amount of money deposited by Bangladeshis in various banks in Switzerland stood at 871.1 million Swiss francs” (around $916.92 million) at the end of 2021. The report reveals that the amount increased by $310 million in just one year.