Bangladesh Financial Intelligence Unit
The Central Agency of Bangladesh to Fight Against Money Laundering and Terrorist Financing
Central and Divisional Task Force

To prevent hundi activities & smuggling of money or property and to boost up money laundering prevention activities, two taskforces have been formed through SRO no. 53.00.0000.311.40.003.17-671 dated November 08, 2017 in two stages namely Central Taskforce and Divisional Taskforce.

Central Taskforce: The Central Taskforce comprises of 34 members and headed by the head of BFIU. The members are as follows:

The members of the Central Taskforce are:

  • Head of Bangladesh Financial Intelligence Unit (BFIU)
  • Member (Customs), National Board of Revenue
  • Member (Income TAX), National Board of Revenue
  • Director General (Money Laundering), Anti Corruption Commission, Head Office, Dhaka
  • Deputy Head of BFIU
  • Executive Director, Bangladesh Bank (Related to Supervision)
  • Executive Director level representative, Bangladesh Securities and exchange commission
  • Director, Department of Cooperative
  • Executive Director, Insurance Development and Regulatory Authority
  • Director, N.G.O Affairs Bureau
  • Director, Department of Narcotics Control
  • Registrar, Registrar of Joint Stock Companies and Farms
  • Deputy Inspector General of Police(Crime), Police Headquarters
  • Deputy Inspector General of Police(Counter Terrorism), Dhaka Metropolitan Police
  • Deputy Inspector General of Police, Criminal Investigation Department, Bangladesh Police
  • Eight representatives from scheduled banks nominated by BFIU
  • Two representatives from Financial Institutions nominated by BFIU
  • Two representatives from Capital Market Intermediaries nominated by BFIU
  • Two representatives from NGO institutions nominated by BFIU
  • Two representatives from Insurance Companies nominated by BFIU
  • Two representatives from Cooperative Organizations nominated by BFIU
  • General Manager of BFIU

The scopes of the committee are as follows:

  • To coordinate among various investigating agencies, law enforcement agencies, regulatory authorities and the activities of BFIU
  • To review the prevention activities of money laundering and terrorist financing taken by various organizations.
  • To review the progress of the activities undertaken against reported incident of smuggling of money, gold, currency, drugs & other valuable items and human trafficking of women and children.
  • To identify hindrances in implementing money laundering & terrorist financing prevention activities and take necessary actions to remove those.

Divisional Taskforce: The Divisional Taskforce comprises of 23 members and headed by Head of concerned office, Bangladesh Bank. The members are as follows:

  • Head of concerned office, Bangladesh Bank situated in the division
  • Representative of the Divisional Commissioner’s office
  • Representative of Anti Corruption Commission, Concerned Divisional Office/ comprehensive district office
  • Representative of the departmental / commissionerate office of the customs department (nominated by the National Board of Revenue)
  • Representative of the departmental / commissionerate office of the income tax department (nominated by the National Board of Revenue)
  • Divisional Head / Representative of Department of Social Services
  • Divisional Head / Representative of Department of Cooperative Department
  • Divisional Head / Representative of Registrar of Joint stock companies and Farms
  • Divisional Head / Representative of Department of Narcotics Control
  • Head of Divisional office of Special Branch (nominated by Special Branch, Head office)
  • Representative , Metropolitan Police, Concerned office of Metropolitan Police
  • Representative, Criminal Investigation Department ( nominated by Criminal Investigation Department, Head Office)
  • General Manager, Concerned Office, Sonali Bank Ltd
  • General Manager, Concerned Office, Rupali Bank Ltd
  • General Manager, Concerned Office, Agrani Bank Ltd
  • General Manager, Concerned Office, Janata Bank Ltd
  • General Manager, Concerned Office, Krishi Bank Ltd/ Rajshahi Krishi Unnayan Bank Ltd
  • Four representatives from non government Banks nominated by concerned department of Bangladesh Bank according to the matrix determined by BFIU
  • One representative from Financial Institutions nominated by concerned department of Bangladesh Bank
  • One representative from NGO Institutions nominated by concerned department of Bangladesh Bank

The scopes of the committee are as follows:

  • To coordinate among the departmental investigating agencies, law enforcement agencies, regulatory authorities of the reporting agency and the activities of the Bangladesh Bank.
  • To review the progress of the departmental activities taken by various organizations to prevent money laundering and terrorist financing.
  • To identify hindrances in implementing money laundering & terrorist financing prevention activities in the departmental level and take necessary actions to remove those.

Central Taskforce may recommend to National Coordination Committee in taking policy decisions regarding prevention of money laundering and terrorist financing, if needed.

Meeting of Central Taskforce will be held in quarterly basis in February, May, August & November and meeting of Divisional Taskforce will be held in January, April, July and October.

Central Taskforce can co-opt any member if it deems necessary. Moreover, the committee can invite representatives of any organizations for special purposes. Divisional Taskforce can co-opt any member with the permission of Central Taskforce.

The concerned law enforcement and regulating agencies will report to BFIU in quarterly basis according to the prescribed form.

BFIU will act as secretariat for Central Taskforce and concerned offices of Bangladesh Bank will do the same for Divisional Taskforce.