Be Aware! Fraud and financial crime is knocking at the door!

Bangladesh is now booming in world's financial sector. So international criminal, hacker, fraudster etc. are now watching and observing people of Bangladesh as well as country's financial movement. They are trying to find the weakness of the people and the country through which they will make financial crime. White skin so called gentlemen are also now making us victim. They are coming to our country to do that. Bangladesh Bank's account has also been hacked recently. 

We have to be aware of those threats. Protecting ourselves from financial crimes in the modern day can be much more elusive than what we were used to in the past. Once a day this region was rich in all sectors and so called white skin gentlemen came here and adopted their crime/fraud based intelligence. We have to understand this. For that, we have to strengthen our security system in all aspects. We have to alert ourselves at home, abroad and also in traveling, transaction, any type of financial/physical movement - everywhere.

Knowing what to do after you’ve become a victim is important, but unfortunately the crime has already occurred. What could be more valuable is knowing how to prevent such crimes from happening in the first place.

Here are a few steps you can take now to protect yourself from becoming a victim of financial crime at home and abroad:

1. Be Aware – Just like you need to be aware of your physical safety, you need to be aware of the places you go and the people who might be able to see your personal identifying information: name, TIN, Passport No., NID, Card Number, PIN, anything that can be used to create a false persona. Be extremely aware of the different places that you are using that information and limit the use whenever possible.
2. Be wary of unsolicited approaches by phone, especially if asked to provide any of your personal information. Be cautious of who you provide your personal and financial information to.
3. Be cautious with public Wi-Fi networks –Don’t count on the provider of the Wi-Fi network to protect your personal information. Browsing for fun is OK, but don’t sit at a coffee shop and pay all your bills online. Who knows who’s sitting there watching?
4. Be cognizant of phishing scams – Don’t call the number on the notice saying your credit card has been compromised. That could be the scam! Instead, get your credit card in hand, turn it over and call the number on the back to ask if your credit card has been accessed.
5. Don’t click on links in your email – Open up a new browser and go directly to the bank or credit card you wish to get information from. By clicking on a link, you could be routed to a very believable but fraudulent financial institution page. When you attempt to log in with your user ID and password, you’ll be giving that information away to the criminal who hosted the fake webpage.
6. Never hand over your card to any other people, or never go to out of mind when your card is punching in a sales shop by a sales man. Never mail/message your card information i.e. card number, 3 digit code etc. to other
7. Set transaction alerts on your Credit Card – You can preset alerts for activity on your account that you know would be alarming or unusual, such as a transaction over a specific dollar amount.
8. Be smart with your passwords – Don’t use the same password for multiple sites. Use strong passwords and change passwords frequently. Don’t use your lovers’ name, birth date, school/college name!! People spend hours trying to figure out your personal information and those names are the first thing people try to guess.
9. Never put your password in open air. Put your other hand or any other item on your hand employing to type password, so that no hidden camera will trace what word(s) is/are inserting as the part of password.
10. Be aware of the machine you are using to draw money through card. ATM Booth room, Teller Machine, Room camera everything will be concerned. Sales man’s machine and punching time should also not be gone away from your alertness.
11. Before entering any ATM Booth, you should check and be aware of your surroundings, security guard and other people waiting or walking there.  
12. Use a credit card over a debit card – When you use a debit card, the money is coming directly out of your bank account. If fraud occurred, the bank may give your money back, but there can be an extended period of time that your account is frozen while you and the bank are sorting out the mess. Use a credit card instead! You can dispute a bill and you are not out of money during the investigation period.
13. Ensure that the virus and security software on your computers and mobile devices is up-to-date and current.
14. Only use trusted online payment websites for items won at online auctions or purchased online. Never make payments outside of trusted systems—particularly for goods which you have not yet received.
15. Regularly review your bank statements and obtain a copy of your credit history report. Ask your bank or financial institution for a credit or debit card with an embedded 'micro-chip'—they are more secure than cards with only magnetic stripes.
16. In relation to social networking sites, always use the most secure settings. Take extreme care if placing personal details such as date of birth, address, phone contacts or educational details on your profile, and don’t accept unsolicited 'friend' requests. Never share there your financial information. Partly avoid to inform your current location information publicly.

Bangladesh’s per capita income has risen to $ 1,316

As per the Bangladesh Bureau of Statistics Bangladesh’s per capita income has risen to $ 1,316.

The figure based on data of 2014-15 fiscal was released on Tuesday, February 09, 2016.
In 2013-14 fiscal, per capita income was $1, 190.An analysis of data from July to March period indicated a GDP growth of 6.51 percent, but a final analysis revealed a 6.55 percent growth during 2014-15 fiscal, he said.
As disclosed, “Per capita income rose as a result of increased growth. As per preliminary analysis of data, per capita income was $1,314. But the final count showed that it was $1,316, two dollars more.”
Bangladesh’s economy ranked 58th for its GDP size, the minister had said last year. It was in 36th place for its Purchasing Power Parity (PPP), which amounted to $3,190.

We are waiting to join higher class world.

Shame, Austrlia shame!

Australia's High Court threw out a challenge to offshore immigration detention camps on Wednesday, clearing the way for the deportation of dozens of infants born in Australia to detained asylum seekers. - Reuters

The court rejected a legal test case brought by an unidentified Bangladeshi woman that challenged Australia's right to deport detained asylum seekers to the tiny South Pacific island nation of Nauru.
The detention centre on Nauru houses about 500 people and has been widely criticised by the United Nations and human rights agencies for harsh conditions and reports of systemic child abuse.
The Bangladeshi woman was on a boat intercepted by Australian authorities in October 2013. She was detained on Australia's remote Christmas Island and later sent to Nauru.
She gave birth to a daughter after she was transferred to Australia for medical treatment in 2014 and has remained there with her child.
Other families with children born in Australia in similar circumstances are now in line to be returned to the camps.
Lawyers from the Human Rights Law Centre (HRLC) acting for the Bangladeshi woman had argued it was illegal for Australia to operate and pay for offshore detention in a third country.
"I hope that the immigration minister and the prime minister, just like other decent Australians, can see that there is simply no excuse to take 37 babies, to rip children from their classrooms, and warehouse them on a tiny island," HRLC Director of Legal Advocacy Daniel Webb told reporters.
"Now, the legality may be complex. The politics may be complex. But the morality is simple. It is fundamentally wrong."
Prime Minister Malcolm Turnbull defended the ruling.
"Our commitment today is simply this: the people smugglers will not prevail over our sovereignty," he told parliament. "Our borders are secure. The line has to be drawn somewhere and it is drawn at our border."
Children born in Australia to non-citizens or parents without legal residency are not entitled to citizenship until after their 10th birthday, and then only if they have lived most of their lives in Australia.
Under Australia's immigration policy, asylum seekers attempting to reach the country by boat are intercepted and sent to camps on Nauru, about 3,000 km (1,800 miles) northeast of Australia, or on Manus island in Papua New Guinea.
The ruling will allow Immigration Minister Peter Dutton to fulfil his pledge to deport the infants, as well as 54 children brought to Australia from Nauru for medical treatment and more than 150 adult family members.
UNICEF called the decision "unreasonable" in a statement and urged the government not to move ahead with the deportations. - Reuters

Michael Bloomberg may stand for US presidential election

Billionaire Michael Bloomberg may stand for US presidential election

  >>  Reuters

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  Former New York City Mayor Michael Bloomberg attends a meeting during the World Climate Change Conference 2015 (COP21) at Le Bourget, near Paris, France, in this December 5, 2015 file photo. Reuters

Michael Bloomberg, the billionaire former mayor of New York City, has told his aides to draw up plans for an independent campaign for the US presidency, the New York Times reported on Saturday.

Bloomberg has advised friends and associates that he would be willing to spend at least $1 billion of his own money on a campaign for the November 2016 election, the Times said, citing sources briefed on the former mayor's thinking.
Bloomberg, 73, has given himself an early March deadline for entering the race, the Times reported, after commissioning a poll in December to see how he would fare against Donald Trump and Hillary Clinton, the Republican and Democratic frontrunners.
No independent has ever won a US presidential election. But Bloomberg, who has close Wall Street ties and liberal social views, sees an opening for his candidacy if Republicans nominate Trump or Texas Senator Ted Cruz and the Democrats nominate Vermont Senator Bernie Sanders, the Times said.
Bloomberg, who has long privately flirted with the idea of mounting a presidential run, served as mayor of New York City from 2002 to 2013. He switched his party affiliation from Republican to independent in 2007 and in recent years has spent millions on national campaigns to tighten US gun laws and reform immigration.
One anonymous Bloomberg adviser told the Times the former mayor believes voters want “a non-ideological, bipartisan, results-oriented vision” that has not been offered in the 2016 election cycle by either political party.
A well-financed presidential run by Bloomberg would likely disrupt the dynamics of the election, but the billionaire would face significant hurdles in a race that has been in full swing for nearly a year.
Though no third-party candidate has ever claimed the White House, several previous bids have affected the overall makeup of the race. In 1992 Texas businessman Ross Perot ran as an independent, a decision that some believe helped Democrat Bill Clinton defeat incumbent Republican George H. W. Bush.
Part of Bloomberg's motivation to enter the race stems from a frustration with Clinton's campaign, the Times reported. Clinton has been dogged by questions about her honesty amid an ongoing investigation into her use of a private email server as secretary of state.
Sanders, Clinton's chief rival, has recently surged in polling in key early voting states Iowa and New Hampshire. That development has made Bloomberg increasingly worried about a general election between Sanders, a self-described socialist, and Trump or Cruz, both of whom have staked out far-right positions on issues like immigration.

China launches new AIIB development bank as power balance shifts

Despite opposition from Washington, US allies including Australia, Britain, German, Italy, the Philippines and South Korea have agreed to join the Asian Infrastructure Investment Bank (AIIB) in recognition of China's growing economic clout.
"Asia's financing needs for basic infrastructure are absolutely enormous," Xi said in a speech at the launch, adding the bank would aim to invest in projects that were "high-quality, low-cost".
In order for Asia to continue to be the most dynamic region for global growth, it needs to invest in infrastructure and connectivity, Premier Li Keqiang said, during the afternoon session of the opening ceremony.
The AIIB is expected to lend $10 billion-$15 billion a year for the first five or six years and will start operations in the second quarter of 2016.
Even so, no specific infrastructure projects would be announced "for the time being", AIIB President Jin Liqun told Reuters on the sidelines of the launch.
Diplomatic coup
Luxembourg Finance Minister Pierre Gramegna said the establishment of the AIIB was "further proof of the rebalancing of the world economy".
A successful AIIB that sets itself apart from the World Bank and the International Monetary Fund (IMF) would be a diplomatic triumph for China, which opposes a global financial order it says is dominated by the United States and does not adequately represent developing nations.
The AIIB will require projects to be legally transparent and protect social and environmental interests, but it will not force borrowers to adopt the kind of free-market practices favoured by the IMF, sources told Reuters in September.

Jin Liqun, the first president of the Asian Infrastructure Investment Bank (AIIB), bows toward Chinese President Xi Jinping (not shown) after speaking during the opening ceremony of the AIIB in Beijing, China, Jan 16, 2016. Reuters

 

By not insisting on some free market economic policies recommended by the World Bank, the AIIB is likely to avoid the criticism levelled against its rivals, which some say impose unreasonable demands on borrowers.

It could also help Beijing stamp its mark on a bank regarded by some in the government as a political as much as an economic project.
Baikuntha Aryal, joint secretary at Nepal's Ministry of Finance, said the Himalayan country was hoping the AIIB would fund roads, hydropower and urban development projects.
"The AIIB is specifically for infrastructure so we see it as a supplement to projects in Nepal funded by the ADB (Asian Development Bank) and World Bank," he said.
China has an initial subscription of $29.78 billion in authorised capital stock in the AIIB, out of a total of $100 billion. It invested another $50 million on Saturday.
From BDnews24.com