Bangladesh Financial Intelligence Unit

Function

Receive Suspicious Transaction/Activity Reports (STRs/SARs) from the reporting organizations and Cash Transaction Reports (CTRs) from banks and financial institutions; and receive the complaints from different sources.
Analyze the STRs/SARs from Reporting Organizations (ROs) and CTRs from banks and financial institutions; and the complaints received from different sources.
Produce financial intelligence reports and disseminate those to investigating agencies for further action(s).
Maintain a database of all STRs/SARs, CTRs and related information.
Issue necessary directions and guidance notes from time to time for reporting organizations to prevent money laundering (ML), terrorist financing (TF) and proliferation financing (PF) activities.
Ensure compliance of the respective Acts and Rules/Regulations/Directives through onsite and off-site supervision of the reporting organizations.
Monitor the implementation of UNSC Resolutions including UNSCR 1267 and its successors, UNSCR 1373 and UN Security Council Resolutions related to proliferation financing of weapons of mass destruction.
Impart training to the officials of the reporting organizations, investigating authorities, prosecutors, regulatory agencies and other related organizations or institutions.
Sign Memorandum of Understanding (MoU) with foreign FIUs to exchange financial intelligence on ML, TF & PF.
Provide and collect information to/from other FIUs under bilateral arrangements.
Cooperate and work together with various international organizations including FATF, APG, EGMONT Group, World Bank, IMF, ADB, and UNODC regarding AML & CFT issues.
Perform secretarial job for UN bodies, National Coordination Committee (NCC) and Working Committee on AML & CFT (WC) and take necessary steps to implement the decisions taken in the committees.
Work as the secretariat of inter agency Task Force for Stolen Asset Recovery (StAR).
Perform activities related to the Central Task Force for preventing illegal Hundi activities, illicit flow of fund and money laundering and monitor implementation of the decisions of the meetings.
Arrange regular meeting with Anti Corruption Commission (ACC), Bangladesh Police and other relevant agencies and monitor the implementation of the decisions of the meeting.
Arrange regular meeting with various regulators like BSEC, IDRA, MRA, NGOAB and different Self Regulatory Bodies (SRBs).
Carry out other related functions to prevent and combat money laundering, terrorist financing and proliferation financing activities respectively.
Create public awareness against ML, TF & PF