Story perspectives
Bangladesh Loses $8 Billion Annually to Money Laundering
3/22/2025
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Story summary
- Trade-based money laundering drives 80% of capital flight from Bangladesh.
- Since 2010, only one case of recovered laundered money has been reported.
- Illicit transfers cost Bangladesh around $8 billion each year, harming the economy.
- Collaborating with international organizations is vital for effective asset recovery.
- Strengthening legal frameworks and law enforcement training is essential to combat money laundering.
