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This paper aims to examine the validity of a state’s prohibition on virtual assets in the context of its global commitment to battle against money laundering.

This was empirical legal research exploring how a general lack of expertise to apply a risk-based approach in anti-money laundering strategies might have implications for invoking the Financial Action Task Force (FATF) exclusion provisions in virtual asset regulation.

Invoking the exclusion provisions for banning virtual assets without meeting the prerequisites may put the financial system at risk and make a jurisdiction’s legal obligations appear breached.

Anti-money laundering (AML) policymakers will take precautions and avoid misuse of the liberties they enjoy under FATF exclusion clauses/provisions.

The results of this study will help ensure more informed decision-making on the legal status and regulation of virtual assets.

The study helps ascertain the limits of privileges accorded to states under FATF exclusion provisions in applying global standards against money laundering.

This paper aims to critically explore the factors influencing the regulation of gambling and cryptocurrencies as part of anti-money laundering (AML) initiatives in Bangladesh. As a member of the Asia/Pacific Group on money laundering, Bangladesh must adopt a risk-based approach to regulate these entities.

This study applied an exploratory design and investigated the real nature of the challenge Bangladesh facing in adopting a risk-based approach to regulate gambling and cryptocurrencies.

This study demonstrates that current regulatory responses towards gambling and cryptocurrencies in Bangladesh are largely influenced by passive wait-and-see policy instead of a proactive risk-based approach, a measure mandated by the Financial Action Task Force (FATF). It demonstrates that these financial entities, which are poorly regulated because of their unclear legal status in Bangladesh and the regulator’s apparent lack of understanding of the type of threats they pose, may facilitate money laundering. Effective risk-based regulation is required to control potential risks.

This paper focuses on two specific areas –gambling and cryptocurrencies – which are linked to two specific FATF Recommendations: designated non-financial businesses and professions (DNFBPs) and new technologies. Further research is required to investigate the concern from the perspective of other entities.

The results of this study will help inform policymakers about ways in which current regulatory approaches may need to be modified to better combat money laundering and financing of terrorism.

According to the authors’ knowledge, this is the first study aiming to explore challenges Bangladesh confronts in implementing a risk-based approach for DNFBPs and new technologies. Therefore, it provides important insights into the dilemma regulators facing in implementing global AML standards within their traditional legislative and regulatory framework.

This paper aims to examine the probable effect of the General Data Protection Regulation of the European Union on the transfer of financial intelligence to a third country without an adequacy decision.

This is an analytical study of the financial intelligence exchange mechanisms between the Bangladesh Financial Intelligence Unit (BFIU) and its foreign counterparts. The research analyses the key challenges this national agency faces in using the Egmont Group membership to import financial intelligence from jurisdictions with a superior data protection regime.

Membership in the Egmont Group of Financial Intelligence Units does not guarantee unrestricted international intelligence exchange. Existing data protection regulations in Bangladesh are inadequate. This may forbid the transfer of the financial intelligence linked to European Union (EU) data subjects to Bangladesh.

This paper does not cover a thorough discussion on any specific alternative tools for data transfer from the EU to a third country except for “appropriate safeguards” options.

The results of this study will help understand the existing legal and institutional limitations that may prevent intelligence exchange between the BFIU and its EU counterparts.

The study helps ascertain the legislative reform necessary in Bangladesh, a third country, to facilitate the transfer of financial intelligence from the EU.

This study aims to investigate Bangladesh’s e-commerce regulations in light of the growing criticism that they are insufficient to curb predicate crimes like fraud and money laundering in the online marketplace.

This study used the exploratory design to examine the latest ministerial directives and laws governing e-commerce in Bangladesh to determine why they cannot prevent fraudulent activities in this promising sector and identify potential solutions.

Bangladesh’s regulatory responses to e-commerce fraud prevention and detection are reactive and inadequate. Regulators are unwilling and unable to enforce available legal provisions for various reasons, including a lack of knowledge and coordination among the agencies.

This paper focuses solely on the legal and regulatory framework in place to combat e-commerce fraud. Other critical issues, such as consumer rights, privacy and data protection in e-commerce, are not addressed.

The findings of this study will assist policymakers in revising current regulatory approaches to e-commerce to protect this sector from criminal abuse.

This study looked into the possibility of using a proactive risk-based approach in the e-commerce sector, similar to what the Bangladesh Financial Intelligence Unit does in the financial sector.

The main purpose of the paper is to develop model basing on the modified and properly‐adopted Fermi‐Dirac equation which combines proper accuracy with adequate simplicity as well as to show how steady state and transient curves resulting from this model can be applied for solving design task.

The standard Fermi‐Dirac equation was modified and extended. Full performance cycle for the SMA actuator was characterized by double‐valued function describing the actuator activation and the actuator deactivation. All these functions and parameters can be easily determined by analysis of measurement data or with use of Hooke‐Jeeves optimization algorithm.

SMA linear actuator can be used in mechatronic systems as a special non‐standard drive when ultra‐light mass and very simple mechanical construction of power feed system is required. The proposed steady‐state and transient performance curves as well as operation diagram constitute sufficient base for effective designing SMA drive systems.

The greatest disadvantage of a SMA actuator is long time of deactivation resulting from slow self‐cooling process. As far as efficiency is concerned as essential factor for choosing the most suitable linear actuator, there is no sense to take into account a linear SMA actuator because of its very low efficiency.

Designer can use performance curve which determines proper length of SMA actuator and range of its motion. The proposed model can be implemented in SMA drive control unit for controlling position of the actuator.

Similarities between change of martensitic phase during transition process and probability P of electron energy level distribution described by the Fermi‐Dirac two‐variable equation were taken into account. Such an approach seems to express in the most suitable way the physical nature of m‐a transition. The authors decided to extend concept (proposed in Jayender et al.) and to adopt the Fermi‐Dirac equation for describing behaviour of a SMA linear actuator.