“An Analysis of Banking Crime Prevention Measures: A Case Study on Agrani Bank PLC”

Abstract

In recent years, banking crime has become a major global concern, particularly for financial

institutions. International efforts have grown focused on measures to prevent money

laundering, cybercrime, bank fraud, terrorist financing, and cybercrime. Serious risks to

consumers and counterparties may arise from financial institutions' failure to implement

appropriate policies to combat banking crime. Although it is difficult to quantify the

consequences of money banking crime on economic development, it is evident that these

crimes harm financial institutions and lower economic productivity by promoting crime and

corruption.

The report's first section will give readers a solid grasp of banking crime and the disastrous

repercussions it has on the economy, security, and society. Additionally, it will go into the

needs, methods, and justifications for fighting financial crime.

Due to a weak financial system and insufficient regulatory framework, banking crime is more

difficult to combat in developing nations like Bangladesh than in industrialized ones.

Bangladesh Bank publishes guidelines to make the Prevention of Money Laundering Act

easier to apply. In order to maintain the safety and soundness of their institutions, all financial

institutions are required by Bangladesh Bank guidelines to establish policies against money

laundering, combatting financing of terrorism, and combating banking fraud.

The impact of legal and regulatory compliance, risk assessment, the KYC process,

transaction reporting, and AML (anti-money laundering) training on banking crime will be

the primary emphasis of this paper. The next section of this report will elaborate on the

actions that Agrani Bank PLC has made to stop financial crime.

The relationship and significant influence between the independent and dependent variables

were shown in this study through the use of ANOVA, correlation, and regression analysis.

The analysis will end with recommendations for the Bank. I am certain that the

recommendations will provide helpful direction for future steps to stop banking crime.