Just days after the collapse of the Awami League government in Bangladesh in August 2024 following deadly street protests that culminated in the dramatic flight of then-Prime Minister Sheikh Hasina, the country’s newly appointed banking chief began a cat-and-mouse hunt for vast amounts of money smuggled abroad by its political and business elites.
Bangladesh Bank has set up 11 specialist teams to track the assets of 11 powerful families accused of laundering billions of dollars to the United Kingdom, the United Arab Emirates, the United States, Malaysia, and Singapore over the past decade.
