AML & ATF Division
Corporate Office, Dhaka
Punishments as per Money Laundering Prevention Act. 2012
SL No.
01
Nature of Offence
Offence of Money
Laundering (Section 4)
Punishment
Minimum 4 to maximum 12
years of imprisonment
02
Failure to comply with
Freeze or Attachment
order (Section 5)
Up to 3 Years of
imprisonment
03
Divulging (disclose)
Information (Section 6)
Up to 2 Years of
imprisonment
04
Hindrance to
Investigation/noncooperation, failure to
provide report or
information (Section 7)
Providing false
information (Section 8)
Up to 1 year of
imprisonment
05
Up to 3 Years of
imprisonment
Monetary Penalty
Twice the value of property
involved or Tk. 10 lacs for
Individual and Tk. 20 Lacs for
Entity, whichever is greater, in
addition to the imprisonment.
Equivalent to the value of
the property subject to
freeze or attachment OR
WITH BOTH imprisonment
and fine.
Up to Tk. 50 thousand OR
WITH BOTH imprisonment
and fine.
Up to Tk. 25 thousand OR
WITH BOTH imprisonment
and fine.
Up to Tk. 50 thousand OR
WITH BOTH imprisonment
and fine.
Punishment as per ATF (Amended) Act. 2013
SL No.
01
Nature of Offence
Murder, grievous physical injury, enclose,
kidnap or attempt of these with any person by
any individual, entity or foreign national under
the provision of Section 6, Sub-Section 1.Ka.Aw
Punishment
Death Sentence or Life Sentence and
additional monetary penalty
02
Accomplice to murder, grievous physical injury,
enclose, kidnap of any person by any individual,
entity or foreign national under the provision of
Section 6, Sub-Section 1.Ka.Aa
Damaging or attempting to damage the
property of any individual, entity or Republic by
any individual, entity or foreign national under
the provision of Section 6, Sub-Section 1.Ka.E
Minimum 4 years to maximum 14 years of
rigorous imprisonment and additional
monetary penalty
Conspiring or assisting or instigating in
damaging or attempting to damage the
property of any individual, entity or Republic by
any individual, entity or foreign national under
the provision of Section 6, Sub-Section 1.Ka.Ee
Using or possessing any fire arms, explosive
substance, and inflammable substance in
purporting the acts mentioned in Sub Section
1.Ka - Aw, Aa, E & Ee by any individual, entity or
foreign national under the provision of Section
6, Sub-Section 1.Ka.U
Crimes under Section 6, Sub-Section 1.Ka,
1.Kha, 1.Ga, 1.Gha, 1.Uma and 1.Cha
committed by any individual or foreign citizen
Minimum 4 years to maximum 14 years of
rigorous imprisonment and additional
monetary penalty
03
04
05
06
07
For the offence of Terrorist Financing by an
Entity
Minimum 4 years to maximum 14 years of
rigorous imprisonment and additional
monetary penalty
Minimum 4 years to maximum 14 years of
rigorous imprisonment and additional
monetary penalty
Minimum 4 years to maximum 14 years of
rigorous imprisonment and Monetary
Penalty of 2 times value of the property
related to the offence or Tk. 10 lacs
whichever is higher
 Ban the entity under the provision
of Section 18 and monetary
penalty of 3 times value of the
property related to the offence or
Tk. 50 lacs, whichever is higher.
 For the Head of the entity,
minimum 4 years to maximum 14
years of rigorous imprisonment
and monetary penalty of 2 times
value of the property related to
the offence or Tk. 20 lacs
whichever is higher.
Power of BFIU to penalize the Banks under the provision of
Section 23 & 25 of MLPA 2012

If any Bank fails to provide with the requested information timely, BFIU may impose fine
on such Bank at the rate of Tk. 10 thousand per day up to a maximum of Tk. 5 lacs. And
if any Bank is fined more than 3 times in a 1 financial year, BFIU may suspend the license
of the Bank.

If any Bank provides with false information or statement, BFIU may impose a fine of
minimum Tk. 20 thousand but not exceeding Tk. 5 lacs. And if any Bank is fined more
than 3 times in a 1 financial year, BFIU may suspend the license of the Bank.

If any Bank fails to comply with any instruction given by BFIU under this Act, BFIU may
impose fine on such Bank at the rate of Tk. 10 thousand per day for each day of such
noncompliance up to a maximum of Tk. 5 lacs. And if any Bank is fined more than 3
times in a 1 financial year, BFIU may suspend the license of the Bank.

If any Bank fails to comply with any order for freezing or suspension of transaction
issued by BFIU, BFIU may impose a fine on such Bank not less than the balance held on
that account but not more than twice of the balance held at the time of issuing the
order.

As per Sub Section 1 of Section 25, Bank shall have the following responsibilities in the
prevention of Money Laundering –
a. To maintain complete and correct information with regard to the identity of its
customers during the operation of their accounts
b. If any account of a customer is closed, to preserve previous records of transactions
of such account for at least 5(five) years from the date of such closure
c. To provide with the information maintained under the above two responsibilities to
BFIU from time to time, on its demand
d. If any doubtful transaction or attempt of such transaction as defined under clause
“Ja” of Section 2 is observed, to report the matter as “suspicious transaction report”
to BFIU immediately on its own accord.
If any Bank violates the provision of the above mentioned Sub Section, BFIU may
impose a fine of at least Tk. 50 thousand but not exceeding Tk. 25 lacs on such Bank
and in addition, cancel the license of the Bank.