Business Corruption in Bangladesh

According to all major ranking institutions, Bangladesh routinely finds itself among the most corrupt countries in the world. Corruption is pervasive at all levels of society and companies have reported being subjected to costly and unnecessary licence and permit requirements. Reasons often include low salaries and weak institutional capacities. The Code of Criminal Procedure , the Prevention of Corruption Act , the Penal Code and the Money Laundering Prevention Act criminalise attempted corruption , extortion , active and passive bribery , bribery of foreign public officials, money laundering and using public resources or confidential state information for private gain. Nevertheless, anti-corruption legislation is inadequately enforced. Facilitation payments and gifts are illegal, but common in practice.

December 2015
GAN Integrity Solutions