Three local banks’ names come out in suspicious cross-border transactions

Three Bangladeshi banks were allegedly involved in suspicious cross-border transactions between 2014 and 2016, according to a report released by the International Consortium of Investigative Journalists (ICIJ). The lenders – Islami Bank Bangladesh Ltd (IBBL), Social Islami Bank Ltd and Rupali Bank – transacted $832,917 through three foreign banks as they sent $495,204 and