Views Bangladesh

Views Bangladesh Logo

Suspicious transaction increases by 65% in FY23

Senior  reporter

Senior reporter

Tue, 20 Feb 24

Suspicious transaction reports (STR) and suspicious activity reports (SAR) increased by 65% in the outgoing financial year.

Bangladesh Financial Intelligence Unit (BFIU) released its annual report on Tuesday.

According to the report, due to increased fraudulent activities in online-based platforms such as online gambling/betting, crypto trading and digital hundi.

Exchanging views with journalists, BFIU Chief Masud Biswas said: "In the 2022-23 fiscal year (FY), the BFIU received a total of 14,106 STRs and SARs from reporting agencies."

12,809 of these suspicious activities were recorded in the banks, while 900 were recorded in money transmitters and 121 in NBFIs, he said.

"In the FY2021-22, the total number of STRs and SARs was 8,571," he added.

Leave A Comment

You need login first to leave a comment

Trending Views