Amidst reports of rising number of cases on money laundering in the guise of exports, Bangladesh’s central bank has asked authorised dealer banks to conduct tracking of vessel containers through a tracking system recognised by the competent authorities.
According to media reports, the Bangladesh Bank has made this mandatory to prevent money laundering.
It may be mentioned here that according to the new rule, banks would ensure whether a shipment has been made or not against the received payment by tracking the containers even if earlier, the tracking of shipments was mandatory for availing cash incentives against exports executed through transport documents issued by freight forwarders even though as per Bangladesh Bank, in several cases it has been found that money was arriving even without any shipment, thereby creating scope for money laundering in the name of export.
Bharat Tex Special Report 2026 
