tax evasion
ISPR requests not to get misled by rumours over security of St. Martin’s
Inter Services Public Relation Directorate (ISPR) has urged all not to be misguided by rumours spreading through social media over the security of St. Martin’s island centering Myanmar's ongoing internal conflict near the island.
Prevent money laundering under the guise of trade
Currently, a global economic crisis is ongoing, and its impact has been felt in Bangladesh as well. Despite this crisis, money laundering under the guise of trade by some large businessmen has become a significant problem in the country. In addition to the record levels of defaulted loans, tax evasion, inflation, and money laundering through informal channels (hundi) have increased. A large portion of these defaulted loans is being laundered abroad. The current economic crisis has been attributed to two underlying causes: the increase in defaulted loans and the outflow of money due to corruption. Additionally, a decline in remittances and export earnings has led to a dollar shortage. As a result, the country's economic condition is deteriorating. This has prompted the Prime Minister to repeatedly warn the nation.
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