The accounts were also suspected of making illegal money transfers.<\/p>\n\n\n\n\n\n\n\n
Bangladesh.- The Bangladesh Financial Intelligence Unit (BFIU) has suspended 21,725 accounts associated with Mobile Financial Services (MFS) due to suspicions of their use for online gambling and hundi, an illegal money transfer system.<\/p>\n\n\n\n
According to Dhaka Tribune, the majority of the suspended accounts are linked to popular MFS providers such as Bkash, Nagad and Rocket. Authorities have cautioned MFS operators against facilitating such transactions.<\/p>\n\n\n\n
The BFIU said it detected 371 transactions related to online gaming and betting, 91 associated with online forex trading and 413 transactions connected to cryptocurrency over the course of nine months this year. It said the data is undergoing analysis and will be shared with law enforcement agencies.<\/p>\n\n\n\n
The BFIU has also provided law enforcement agencies with a list of 814 websites, 159 apps, and 442 social media pages and links linked to illegal hundi operations and gambling. It says it has also provided information about 21 money changers and 39 bank accounts to the police Criminal Investigation Department.<\/p>\n","protected":false},"excerpt":{"rendered":"
The accounts were also suspected of making illegal money transfers.<\/p>\n","protected":false},"author":176,"featured_media":21186,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Bangladesh Financial Intelligence Unit (BFIU) has suspended over 21,000 Mobile Financial Services (MFS) accounts, primarily from Bkash, Nagad, and Rocket, due to suspected involvement in illegal online gambling and hundi. This action follows the detection of numerous illicit transactions, prompting authorities to caution MFS operators against facilitating such activities and to share intelligence with law enforcement.","focusai_entities":"Bangladesh Financial Intelligence Unit (BFIU), Bkash, Nagad, Rocket, Criminal Investigation Department","focusai_location":"Bangladesh, Dhaka","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.7), affiliate_publisher (0.7), tech_data (0.7), payments_fraud_aml (1.0), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"MFS Provider Liability?","query":"What specific governance frameworks and internal controls are MFS providers like Bkash, Nagad, and Rocket implementing to mitigate their exposure to illicit financial flows and avoid future regulatory penalties?"},{"label":"Cross-Border Implications?","query":"How will the BFIU's intelligence sharing with law enforcement impact the broader regional fight against illegal online gambling and hundi operations, particularly concerning cross-border payment facilitation?"}],"footnotes":""},"categories":[439,16334],"tags":[23911,4138],"class_list":["post-777009691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-news","category-south-asia-news","tag-gambling-regulation","tag-online-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777009691"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009691\/revisions"}],"predecessor-version":[{"id":777041245,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009691\/revisions\/777041245"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21186"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777009691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777009691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777009691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}