List of the best lawyers in Dhaka, Bangladesh
Bengal Law Firm
- R9F7+2R5 Bengal Law Firm, Road No. 1, Dhaka 1216
Law Chamber
- Law Chamber, House-9, LIne-10, Block-A, Baunia Badh, Mirpur-11, Dhaka 1216
de-Jure Law Chamber
- Suite-C, Level, de-Jure Law Chamber, Mirpur Tower, Mirpur-1, Chamber, 7 Darus Salam Rd, Dhaka 1216
The Juris Peritums
- The Juris Peritums, M.M. Complex, 2/11, Pallabi Bus Stand, Dhaka 1216
Banking & Finance Law in Bangladesh :
Banking and finance law in Bangladesh governs financial institutions, transactions, and the overall monetary system. The sector is primarily regulated by Bangladesh Bank, which supervises commercial banks, non-banking financial institutions (NBFIs), and other licensed financial entities. Strong legal oversight in this area ensures financial stability, compliance, and supports economic growth across the country.
Why You May Need a Lawyer :
Individuals and businesses often require expert legal support in banking and finance law in Bangladesh for a variety of reasons, including:
Setting up a new bank or financial institution while ensuring full compliance with regulatory requirements.
Structuring and negotiating complex financial transactions, such as loans, credit facilities, and investment agreements.
Resolving disputes between banks and clients, including fraud cases, contract breaches, and other financial conflicts.
Managing debt restructuring, insolvency, and corporate finance challenges.
Ensuring compliance with anti-money laundering (AML) and counter-financing of terrorism (CFT) regulations.
A specialized banking and finance lawyer in Bangladesh can guide clients through these processes, protect their legal interests, and ensure smooth, compliant financial operations.
Local Laws Overview :
In Bangladesh, the banking and finance sector is regulated by several key laws and regulations to ensure stability, compliance, and transparency:
Bank Companies Act, 1991: Governs the operations, responsibilities, and duties of commercial banks.
Bangladesh Bank Order, 1972: Establishes the powers, functions, and supervisory authority of the central bank.
Financial Institutions Act, 1993: Regulates non-banking financial institutions (NBFIs) and their activities.
Money Laundering Prevention Act, 2012: Provides strict measures to prevent money laundering and terrorist financing.
Bankruptcy Act, 1997: Covers insolvency procedures, debt recovery, and financial restructuring.
A knowledgeable banking and finance lawyer in Bangladesh can help individuals and businesses navigate these regulations, ensuring compliance and minimizing legal risks.
Banking & Finance Law in Bangladesh :
The banking and finance sector in Bangladesh is governed by a robust legal framework to ensure the stability of financial institutions, protect depositors, and regulate lending and business practices. Key statutes, such as the Bank Company Act, 1991, empower Bangladesh Bank to license, supervise, and take enforcement actions against financial institutions. These laws also define prohibited activities, reporting requirements, and mechanisms for winding up or sanctioning non‑compliant entities.
Key Points:
Licensing Requirement: All banking companies must obtain a license from Bangladesh Bank before they can operate. BB
Regulatory Oversight: Bangladesh Bank has broad powers to inspect, audit, and issue directions to banking companies, including requiring them to deposit funds if they fail to comply. BB
Restricted Activities: The Bank Company Act prohibits certain business practices, such as granting unsecured advances in excess of legal limits. Lawyers and Jurists
Contractual Framework: Banking contracts, including loans and guarantees, fall under the Contract Act, 1872, which governs offer, acceptance, performance, and breach. Wikipedia
Anti‑Money Laundering: Financial institutions must follow AML obligations under Bangladeshi law, including reporting suspicious transactions. Resource Portal
Frequently Asked Questions :
Q1: What is the role of Bangladesh Bank?
A: Bangladesh Bank is the central regulatory authority for all banking and financial activities in the country. It maintains financial stability, regulates monetary flows, and develops policies to control inflation and ensure a stable economy.
Q2: How can I open a bank account in Bangladesh?
A: To open a bank account, provide valid identification (passport or national ID), proof of residency, and other documents required by the bank. A banking and finance lawyer in Bangladesh can guide you through legal and regulatory requirements if needed.
Q3: What is anti-money laundering (AML) compliance?
A: AML compliance involves procedures that financial institutions must follow to prevent, detect, and report money laundering and terrorist financing activities.
Q4: What should I do if I suspect fraudulent activity on my account?
A: Immediately report any suspicious transactions to your bank. They will advise on the next steps and may involve law enforcement to prevent further fraud.
Q5: What are non-banking financial institutions (NBFIs)?
A: NBFIs provide financial services similar to banks but operate without a full banking license. Examples include leasing companies, investment firms, and insurance companies.
Q6: How is loan interest regulated in Bangladesh?
A: Loan interest rates are guided by Bangladesh Bank’s monetary policy to ensure fair, transparent, and competitive rates across the financial sector.
Q7: Are there legal measures for resolving financial disputes?
A: Yes. Financial disputes can be resolved through negotiation, arbitration, or litigation. Consulting a banking and finance lawyer helps determine the most effective approach.
Q8: What is the insolvency procedure in Bangladesh?
A: The Bankruptcy Act provides the legal framework for declaring insolvency and ensures fair distribution of assets among creditors.
Q9: How can a lawyer assist in complex financial transactions?
A: Lawyers ensure that financial agreements comply with legal standards, negotiate favorable terms, and prevent potential legal risks in banking and finance matters.
Q10: What are the penalties for violating financial regulations?
A: Non-compliance can result in fines, sanctions, or suspension of operations, depending on the severity of the violation. Proper legal guidance helps institutions remain compliant and avoid penalties.
Additional Resources:
For individuals and businesses looking for reliable information on financial regulations and compliance in Bangladesh, the following institutions offer authoritative guidance:
Bangladesh Bank – Provides central banking policies, regulatory updates, and financial sector supervision.
Ministry of Finance – Publishes economic strategies, fiscal policies, and national budget insights.
Bangladesh Securities and Exchange Commission (BSEC) – Oversees the securities market, investment regulations, and capital market compliance.
Next Steps :
If you require legal support in the area of Banking & Finance in Bangladesh, start by clearly identifying your legal issues and organizing all relevant financial documents. Consult trusted sources or professional networks to find experienced Banking & Finance lawyers who understand the regulatory landscape. Arrange consultations to evaluate your options, discuss compliance requirements, and explore the best legal strategies for your case. Selecting an attorney with proven expertise in Bangladesh’s financial regulations will significantly improve your ability to handle complex transactions, disputes, or compliance matters.
ukilbd simplifies this process by connecting you with top-rated Banking & Finance lawyers and law firms across Bangladesh. The platform features a vetted list of legal professionals, complete with rankings and detailed profiles to help you compare firms based on expertise, client reviews, practice areas, and professional background. Each listing includes information on services offered, team members, years of operation, languages spoken, office locations, contact details, social links, and any published articles or insights. Most firms on Ukilbd communicate in English and have extensive experience in both domestic and cross-border financial matters. You can request quotes from leading law firms in Bangladesh quickly, securely, and without unnecessary friction.
Disclaimer:
The content on this page is intended for general informational use and should not be considered legal advice. Although we make every effort to provide accurate and up-to-date information, laws and regulations can change, and interpretations may differ based on individual circumstances. For guidance tailored to your specific situation, you should consult a qualified legal professional. We assume no responsibility for any actions taken or omitted based on the material provided here. If you notice any inaccuracies or outdated references, please contact us so we can review and update the information as needed.
