Best Financial Services Regulation Lawyers in Dhaka

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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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Grays Chambers
Dhaka, Bangladesh

Founded in 2000
50 people in their team
Bengali
English
AboutA GLIMPSE OF OURSGRAYS CHAMBERS is a vibrant law firm accommodating a number of young and bright lawyers. We are capable of meeting the demands of the growing world of divergent legal issues and maintain high professional standards. While serving corporate firms and companies efficiently, we...
Doulah & Doulah
Dhaka, Bangladesh

Founded in 1965
50 people in their team
English
Bengali
Established in 1965 Doulah & Doulah is one of the most experienced law firms in Bangladesh representing world's largest business houses and working with biggest international law firms. With top-ranked transactional capabilities complemented by a strong litigation practice the firm is...
S Hossain & Associates Law
Dhaka, Bangladesh

Founded in 2007
50 people in their team
Bengali
English
WHO WE ARES Hossain & Associates is a full service law firm in Bangladesh and has adequate knowledge, expertise, lawyers, consultants and logistics to undertake any legal, para legal or related service. We are experts in any litigation i.e. cases before any court of law be that Bangladesh...
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...
Kazi Law Chamber

Kazi Law Chamber

15 minutes Free Consultation
Dhaka, Bangladesh

Founded in 1995
10 people in their team
Bengali
English
Established in 1995 by Senior Advocate, Barrister Md. Bodruddoza, Kazi Law Chamber has swiftly emerged as one of the top law firms in Dhaka, Bangladesh. Over the years, our chamber has garnered a strong reputation as a premier full-service law firm for its exceptional legal counselling,...
PREMIUM LEGAL AND CONSULTANCY FIRM

PREMIUM LEGAL AND CONSULTANCY FIRM

15 minutes Free Consultation
Dhaka, Bangladesh

Founded in 2021
3 people in their team
English
Bengali
Our heartiest welcome goes to you. Let us allow to introduce ourselves. PREMIUM LEGAL AND CONSULTANCY FIRM is a full service law chambers where we work to ensure justice for our respected clients. We are located at Khilgaon in Dhaka, which is very close to the National Board of Revenue and...
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...
Vertex Chambers
Dhaka, Bangladesh

Founded in 2006
50 people in their team
Bengali
English
We are a Bangladeshi law firm providing efficient and cost effective representation and advice to our clients in business and commercial matters. We are approachable and a dedicated team, aiming to provide tailored resolution as per our client’s needs. Our partners, each having over a...
Advocare Law International
Dhaka, Bangladesh

Founded in 2000
50 people in their team
Bengali
English
Advocare LawInternationalAdvocare Law International is a global law firm comprising of lawyers from different countries with experience and expertise in a wide range of Commercial and corporate legal matters.We understand how challenging the world of modern business can be. In a time of ever...
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About Financial Services Regulation Law in Dhaka, Bangladesh

Financial services regulation in Dhaka, Bangladesh is shaped by a mix of national legislation and regulatory bodies that oversee the financial market. These regulations aim to ensure the stability, transparency, and integrity of the financial system while protecting consumers. The Bangladesh Bank, the central regulatory body, plays a pivotal role in shaping financial policies, ensuring compliance, and regulating banking operations. Additionally, the Bangladesh Securities and Exchange Commission (BSEC) oversees the capital markets, including securities and related investments. Other sector-specific regulators are tasked with overseeing insurance and microfinance activities. Recent reforms have focused on aligning Bangladesh's financial regulations with international standards, emphasizing risk management, anti-money laundering (AML), and combating the financing of terrorism (CFT).

Why You May Need a Lawyer

Individuals and organizations may require legal assistance in the field of financial services regulation for various reasons:

  • Compliance Issues: Navigating the complex regulatory landscape to ensure compliance with all applicable laws and regulations.
  • Disputes: Representation in disputes related to banking, securities, or insurance services.
  • Licensing and Registration: Assistance in obtaining necessary licenses or registrations for financial operations.
  • Mergers and Acquisitions: Legal advice on the regulatory implications during mergers, acquisitions, or joint ventures.
  • Investigations and Audits: Legal support during regulatory investigations or audits.
  • Contractual Agreements: Drafting and reviewing contracts related to financial products and services.
  • Client Protection: Protecting the rights of consumers or clients in financial transactions.

Local Laws Overview

Several key regulatory frameworks impact financial services regulation in Dhaka, Bangladesh:

  • Banking Companies Act, 1991: Governs the operations of banks and financial institutions. It outlines licensing, capital requirements, and operational standards.
  • Securities and Exchange Ordinance, 1969: Regulates the securities market and aims to prevent fraudulent and unfair practices related to securities transactions.
  • Insurance Act, 2010: Sets the regulatory framework for the insurance industry, ensuring policyholder protection and industry stability.
  • Financial Institutions Act, 1993: Provides guidelines for the regulation of non-banking financial institutions, focusing on the management and operation of these entities.
  • Money Laundering Prevention Act, 2012: Establishes measures to combat money laundering and provides guidelines for compliance and enforcement.

Frequently Asked Questions

What is the role of the Bangladesh Bank in financial regulation?

The Bangladesh Bank is the central regulatory authority responsible for overseeing the banking industry, formulating monetary policy, issuing currency, and ensuring financial stability in Bangladesh.

How can I ensure compliance with financial regulations in Dhaka?

Compliance can be ensured by keeping abreast of regulatory updates, implementing robust internal controls, conducting regular audits, and consulting with legal experts specializing in financial services regulation.

What are the penalties for non-compliance with financial regulations?

Penalties may include fines, revocation of licenses, restrictions on operations, or legal prosecution depending on the severity of the non-compliance.

Do hedge funds require specific authorization to operate in Bangladesh?

Yes, hedge funds and similar entities generally require authorization from the Bangladesh Securities and Exchange Commission to operate legally in the country.

What should a company do in case of a regulatory investigation?

The company should immediately consult with legal counsel, cooperate with authorities, and ensure that all documentation and information required for the investigation are prepared and compliant with legal standards.

How are consumer rights protected under financial services regulations?

Consumer rights are protected through regulations that ensure transparency, fair practices, redress mechanisms for grievances, and mandatory disclosures by financial service providers.

What is the process for obtaining a financial services license?

The process typically involves submitting an application to the relevant regulatory authority, providing necessary documentation, and demonstrating adherence to regulatory and compliance requirements.

Are there any restrictions on foreign investments in Bangladesh’s financial sector?

Yes, there are certain restrictions and requirements for foreign investors, including compliance with the Foreign Exchange Regulation Act and other relevant guidelines set by the Bangladesh Bank.

How can a lawyer assist in mergers and acquisitions within the financial sector?

A lawyer can assist by conducting due diligence, ensuring regulatory compliance, structuring transactions, negotiating terms, and managing legal documentation.

What steps should organizations take to combat money laundering?

Organizations should implement comprehensive AML policies, train staff, conduct risk assessments, and maintain records to detect and report suspicious activities as per the Money Laundering Prevention Act.

Additional Resources

For further assistance, you may consider contacting these resources:

  • Bangladesh Bank: The central bank and main regulatory body for financial affairs in Bangladesh.
  • Bangladesh Securities and Exchange Commission (BSEC): Oversees the securities markets and issues related regulations.
  • Insurance Development and Regulatory Authority of Bangladesh: Regulates the insurance industry.
  • Local Law Firms: Many law firms specialize in financial services regulation and can provide expert advice and representation.

Next Steps

If you need legal assistance in financial services regulation, consider the following steps:

  1. Identify the specific area of financial services regulation with which you require assistance.
  2. Consult with a lawyer specializing in financial services for initial advice and to understand your legal standing.
  3. Gather necessary documentation and evidence relevant to your case or inquiry.
  4. Maintain open communication with your legal counsel to stay informed of your legal obligations and any updates in the law.
  5. Evaluate the legal strategies proposed by your lawyer and understand the potential outcomes.
Lawzana helps you find the best lawyers and law firms in Dhaka 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 Dhaka, 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.