Best Financial Services Regulation Lawyers in Bangladesh

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Counsels Law Partners (CLP)
Dhaka, Bangladesh

Founded in 2016
50 people in their team
Bengali
English
About Counsels Law PartnersCounsels Law Partners (CLP) is a full service international law firm with its head office in Dhaka, Bangladesh. Further, it also has branches in Chittagong and Sylhet. It is one of the best reviewed law chambers in Bangladesh. The CLP team is a blend of UK trained...
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Primus Legal (Law Firm)
Dhaka, Bangladesh

Founded in 2011
50 people in their team
Bengali
English
Our MissionOur aim is to satisfy our clients through a deep understanding of their needs, their businesses, and their industries, and by providing excellent, responsive, and innovative service. Our experience tells this style leads to a close working relationship between a client and a lawyer.Our...
Law Advisor BD

Law Advisor BD

15 minutes Free Consultation
Dhaka, Bangladesh

Founded in 2024
10 people in their team
Bengali
English
Law Advisor BD is a premier legal firm in Bangladesh, recognized for its exceptional expertise across various legal domains. With a focus on Company Law, Corporate Law, Real Estate Law, Family Law, and Criminal Law, the firm has carved a niche for itself as a trusted legal partner for individuals,...
Tanjib Alam and Associates
Dhaka, Bangladesh

Founded in 2009
50 people in their team
Bengali
English
Tanjib Alam and Associates is a fully fledged law firm in Bangladesh consisting of associates with vast experience in corporate and commercial practice in Bangladesh. Tanjib Alam and Associates takes pride in serving its clients and is one of the very few law firms in Bangladesh who has a strong...

Founded in 2014
50 people in their team
Bengali
English
Until 2013, the total number of all kinds of companies in the whole world was about 100 million, but there was no human rights company anywhere. In spite of it is true that human rights are essential for all.People were waiting for such company. Because people would more benefit if they could get...
Glorious Legal Services Firm
Dhaka, Bangladesh

Founded in 2000
50 people in their team
Bengali
English
Glorious Legal Education Centre  (GLEC)(A centre for legal study and services)Glorious Legal Education Center (GLEC) is one of the largest legal platforms in Bangladesh. GLEC have specific mission and vision about their activities and services. As a centre for legal study and services, we have...
Shyikh Mahdi & Associates

Shyikh Mahdi & Associates

30 minutes Free Consultation
Dhaka, Bangladesh

Founded in 2020
10 people in their team
Bengali
English
We are a new-generation full-service law firm, and our practice area includes dispute resolution (litigation and arbitration), corporate, trade and commerce, banking & finance (including Islamic finance), information technology, start-up, and emerging tech. We have advised Fortune500 companies,...
The Law Counsel
Dhaka, Bangladesh

Founded in 1990
50 people in their team
Bengali
English
Established in 1990, ‘The Law Counsel’ is an international law firm based in Bangladesh which is widely recognized as one of the leading chambers in the country. The firm is best known for its specializations in commercial, employment, labor and public law, having been involved in a number of...
Tuhin & Partners

Tuhin & Partners

15 minutes Free Consultation
Dhaka, Bangladesh

Founded in 2019
7 people in their team
English
Bengali
Background:TUHIN & PARTNERS was founded in 2019 with a clear vision: to develop an entire Corporate legal, tax, and compliance for advising business, including in expertise the countries we serve and professional abilities in our essential specialty. Our Firm aims to provide skilled...
Sattar&Co.
Dhaka, Bangladesh

Founded in 2013
50 people in their team
Bengali
English
About Sattar&Co.Sattar&Co. is a high-calibre law firm with a combination of in-depth specialist skills and overarching understanding of the legal framework in Bangladesh. Sattar&Co.’s excellent service and practical know-how have been consistently recognized and recommended by leading...
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About Financial Services Regulation Law in Bangladesh

Financial Services Regulation in Bangladesh is structured to oversee and guide financial institutions and markets, ensuring stability, transparency, and consumer protection. The regulatory framework is primarily governed by entities like the Bangladesh Bank, the Securities and Exchange Commission, and the Insurance Development & Regulatory Authority. The focus is on maintaining a robust financial system that promotes economic growth while safeguarding the interests of depositors and investors.

Why You May Need a Lawyer

There are several situations where legal assistance might be necessary in the realm of Financial Services Regulation in Bangladesh. You may need a lawyer if you are:

  • Setting up a new financial institution or service and require guidance on regulatory compliance.
  • Dealing with disputes with financial institutions regarding loans, investments, or other transactions.
  • Facing allegations of non-compliance with financial regulations.
  • Looking to understand the local financial legislative environment to operate legally and effectively.
  • Seeking advice during mergers, acquisitions, or restructuring of financial entities.

In these circumstances, a specialized lawyer can provide crucial advice and representation.

Local Laws Overview

The legal framework of Financial Services Regulation in Bangladesh includes multiple acts and ordinances aimed at stabilizing and strengthening the financial sector. Key aspects include:

  • The Bank Company Act, which governs the operations of banking institutions and outlines licensing requirements.
  • The Securities and Exchange Ordinance, prescribing rules for the capital markets.
  • The Insurance Act, detailing the regulation and supervision of insurance companies.
  • Anti-Money Laundering laws, enforcing guidelines for combating illicit financial activities.
  • Consumer protection laws as they apply to financial services, safeguarding against unfair practices.

Understanding these key pieces of legislation is essential for both operators within the financial sector and their clients.

Frequently Asked Questions

What is Financial Services Regulation?

Financial Services Regulation refers to the laws and rules that govern financial institutions, aiming to ensure stability, integrity, and consumer protection in financial markets.

Who regulates financial institutions in Bangladesh?

Financial institutions in Bangladesh are primarily regulated by the Bangladesh Bank, with oversight from the Securities and Exchange Commission and the Insurance Development & Regulatory Authority.

What are the compliance requirements for setting up a bank?

Establishing a bank requires meeting capital adequacy standards, governance structures, and adherence to banking regulations as per the Bank Company Act.

How are disputes with financial institutions typically resolved?

Disputes can often be resolved through negotiation or mediation. If necessary, cases may escalate to the financial ombudsman or local courts.

What are the consequences of non-compliance with financial regulations?

Consequences may include fines, legal action, or revocation of licenses to operate, depending on the severity of the non-compliance.

How can I protect myself as a consumer of financial services?

Consumers can safeguard themselves by understanding their rights under consumer protection laws and seeking professional advice when entering financial contracts.

What is the role of Anti-Money Laundering laws?

These laws aim to prevent, detect, and report money laundering activities, requiring institutions to implement robust checks and monitoring mechanisms.

Are there any regulations specific to digital banking?

Yes, there are specific guidelines for digital banking operations to ensure security, clarity, and fairness in the rapidly growing digital financial services sector.

What are the insurance regulations in Bangladesh?

The Insurance Act governs the registration, operation, and supervision of insurance companies, focusing on protecting policyholders and promoting fair practices.

Can foreign financial institutions operate in Bangladesh?

Foreign financial entities can operate in Bangladesh, but they must comply with the same regulatory requirements as local institutions, including licensing and reporting standards.

Additional Resources

For further information, consider the following resources:

  • Bangladesh Bank: As the central bank, it provides extensive information on financial policies and regulations.
  • Securities and Exchange Commission Bangladesh: Offers guidance on capital market regulations.
  • Insurance Development & Regulatory Authority: Governs insurance sector policies and standards.
  • Legal Aid Services in Bangladesh: NGOs and government bodies providing legal advice and support.

Next Steps

If you need legal assistance in Financial Services Regulation in Bangladesh, consider the following steps:

  • Identify Your Needs: Clearly define your legal issue or requirement to identify the right type of legal advice needed.
  • Research Potential Lawyers: Look for attorneys with expertise in financial services regulation and a track record of dealing with similar issues.
  • Consultation: Arrange a meeting or consultation to discuss your case and explore your options.
  • Evaluate Your Options: Assess the advice provided and decide on a course of action based on feasibility and strategic benefits.

Taking these steps will help you effectively navigate the complexities of Financial Services Regulation in Bangladesh.

Lawzana helps you find the best lawyers and law firms in Bangladesh through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Financial Services Regulation, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Bangladesh - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.