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BANGLADESH
#7 Sumsub
FRAUD TYPES
Mobile banking fraud, identity fraud, garment industry BEC
KEY FACTS
Growing digital economy. Mobile financial services (bKash/Nagad) fraud rising. Part of global BEC target list.
REPORT FRAUD IN BANGLADESH2▸
2 agencies you can contact. Tap one for how to reach it and what to have ready.
CIDCID Cyber Police Centre▸
NATIONAL · CYBER / CRYPTO
BFIBangladesh Bank Financial Intelligence▸
NATIONAL · FINANCIAL / AML
BORN HERE▸
Nobody in our case files was born in Bangladesh yet.
OPERATED HERE1▸
Physically based or working in Bangladesh — lived, ran an office, met victims or was stationed here, per the record. Hacking a target here does not count.
Dhaka, Bangladesh
WHAT THEY DID HERE, AND WHEN
Feb 2016Fraudulent SWIFT orders move $81M out of Bangladesh Bank's New York Fed account (charged).SOURCE: DOJ
OUR CASES BY CATEGORY▸
Share of the 1 case tied to Bangladesh (born or operated here)
FRAUD METHODS TIED HERE3▸
From the Global Fraud Encyclopedia and the cases above. Tap a method for its page.
#2 State-Sponsored Crypto Theftused in our cases ▸#3 Ransomwareused in our cases ▸#22 Phishingused in our cases ▸KNOWN FOR▸
THE PICTURE▸
Bangladesh's major frauds have centred on banks and financial firms: former NBFI executive P K Halder is accused of siphoning roughly Tk10,000-11,000 crore from non-bank lenders and was sentenced in absentia in 2023, and the multi-level-marketing Destiny Group's leaders were convicted in money-laundering cases (Daily Star, 2022-2025). In 2016 hackers attributed by the US to North Korea's Lazarus Group stole $101M from Bangladesh Bank's New York Fed account through fraudulent SWIFT orders; only part has been recovered (US DOJ, 2018; Wikipedia). The Anti-Corruption Commission (ACC), Bangladesh Financial Intelligence Unit and CID lead investigations, and many cases involve suspects abroad.
TOP FRAUDSTERS FROM HERE2▸
Prashanta Kumar (P K) Halder CONVICTEDREPORT PENDING
Tk10,000-11,000 crore (~$850M+; alleged siphoning) · 2014–2020
Former NBFI executive accused of siphoning funds from non-bank lenders; arrested in India in 2022 and sentenced in absentia in Dhaka to 10 years for illegal wealth and 12 years for money laundering.
SOURCE: The Daily Star, 8 Oct 2023
Mohammad Rafiqul Amin CONVICTEDREPORT PENDING
Tk4,200 crore (money-laundering cases) · 2006–2012
Managing director of Destiny Group, whose MLM schemes collected money from members; convicted with dozens of others in money-laundering cases.
SOURCE: The Daily Star, 2020-2022
FRAUD BY CATEGORY▸
No official body here publishes a breakdown of fraud by type, so we show none rather than guess.
KEY NUMBERS▸
$101M Stolen from Bangladesh Bank's New York Fed account in February 2016 (of $951M attempted) (Wikipedia summary of court and press records)
Tk1,044 crore Fine imposed on P K Halder in the 2023 verdict (The Daily Star, Oct 2023)
WHO FIGHTS IT▸
Anti-Corruption Commission (ACC) files embezzlement and money-laundering cases; CID handles cyber and financial crime.
US charged North Korean programmer Park Jin Hyok over the 2016 Bangladesh Bank heist (2018); Bangladesh Bank is suing RCBC in New York.
Money Laundering Prevention Act 2012 and Bangladesh Financial Intelligence Unit (BFIU).
SOURCES▸
The Daily Star (Dhaka), 2020-2025
Wikipedia, 'Bangladesh Bank robbery' and 'Destiny Group'
US DOJ complaint against Park Jin Hyok, Sep 2018
Case lists and figures compiled September 2026 from court records, regulators and major press; statuses change. Series reports above are fact-checked case files.