Key Compliance and Reporting Requirements

Bangladesh has strengthened its regulatory framework to combat money laundering and terrorism financing. The Bangladesh Financial Intelligence Unit (BFIU), under the Money Laundering Prevention Act, 2012 (amended in 2015), issues guidelines and circulars to enforce compliance. Financial institutions are mandated to implement Know Your Customer (KYC) policies, establish Central Compliance Committees (CCC), and develop transaction […]

Bangladesh’s auditing standards are aligned with international benchmarks to ensure the reliability of financial reporting. The Institute of Chartered Accountants of Bangladesh (ICAB) has adopted International Standards on Auditing (ISA) to guide the auditing process. Companies are required to conduct annual audits by qualified professionals to verify the accuracy of financial statements. The audit process

In Bangladesh, companies are mandated to adhere to annual filing and reporting obligations as stipulated by the Companies Act of 1994. Key requirements include the submission of annual financial statements, tax returns, and other statutory documents to regulatory bodies such as the Registrar of Joint Stock Companies and Firms (RJSC), the National Board of Revenue

The Bangladesh Bank (BB) has outlined a strategic plan to implement the Expected Credit Loss (ECL) methodology, in line with International Financial Reporting Standard (IFRS) 9, by 2027. This transition from a traditional rules-based loan classification system to a forward-looking, risk-based approach aims to improve credit risk assessment by considering past events, current conditions, and

Bangladesh is actively enhancing its corporate compliance and reporting frameworks to align with international standards and bolster financial transparency. Key areas of focus include: