Prevention of Money Laundering Act, 2012

Section- 02(ক) :
laundering of money or property means –
1. Sending or keeping money or property outside the country in violation of
existing laws in the country;
2. Refraining any money or property from outside the country to Bangladesh
in which Bangladesh has an interest which would have been importable to
Bangladesh;
3. Non-repatriation of genuine debts from abroad or overpayment of genuine
debts to abroad.

Section- 2( শ) :
Predicate offenses means the following offenses which involve laundering or
attempting to launder any money or property acquired through in the country or
outside the country –
Corruption or bribery,
currency counterfeiting,
document forgery,
extortion,
fraud,
forgery,
illegal arms trade,
illegal drug and narcotics trade,
theft and other illegal trade,
kidnapping,
illegal detention and imprisonment,
murder and any serious Physical harm,
trafficking of women and children,
smuggling,
smuggling of domestic and foreign currency,
theft,
robbery,
banditry,
human trafficking or receiving or attempting to receive any money or valuables
by falsely promising foreign employment to any person,
dowry,
smuggling and customs.
Financing of crime,
terrorism and terrorist activities,
adulteration or substandard production,
sexual harassment

Section- 4:
Any person who commits or attempts to commit or assists in the commission of
the offense of money laundering shall be punished with imprisonment for a term
not exceeding four years and not exceeding 12 years and shall be liable to a fine
of twice the amount of the property involved in the offense or to a fine not
exceeding Rs.10 lakhs.
If an offense is committed by any entity, the court shall punish the said offense
with a fine up to 2 times the property or 20 lakh rupees.
If the convicted person fails to pay the fine within the stipulated time, the court
shall punish him with imprisonment equivalent to that amount.
Section- 09 :
Investigation will be done by-
1. Investigating agencies empowered under relevant laws for related offences
2. Bangladesh financial intelligence unit
The trial will be conducted-
by a Special Judge appointed under Section 3 of the Criminal Law, 1958.

Section- 11:
Offences under this act are
1. Cognizable;
2. non compoundable;
3. non bailable.

Section- 13:
A person accused under this Act shall be released on bail if –
1. The complaining party should get an opportunity of hearing on the bail
application;
2. If the court is satisfied that the complaint is not reasonable;
3. Women, children or physically challenged person If justice is not
obstructed.