Combating White-collar Crime in Bangladesh: Challenges, Impact, and Strategies for Mitigation

White-collar crime, comprising non-violent, financially motivated offenses committed by individuals in positions of trust, has emerged as a significant issue in Bangladesh. As the country experiences rapid economic growth and digital expansion, the scope and complexity of white-collar crimes, such as financial fraud, embezzlement, corruption, money laundering, and cybercrime, are intensifying. These crimes, often subtle and hidden from public view, pose serious challenges to the nation’s economic stability, governance, and social trust. This article explores the diverse forms of white-collar crime prevalent in Bangladesh, including financial fraud, corruption, money laundering, and digital fraud. It examines the systemic challenges to combating such crimes, such as weak legal enforcement, institutional corruption, lack of public awareness, and technological vulnerabilities. Additionally, the article proposes comprehensive strategies to mitigate white-collar crime, including strengthening legal frameworks, improving financial regulations and enhancing public awareness, investing in cyber security, and promoting transparency and accountability across both public and private sectors. By addressing these multifaceted challenges, Bangladesh can reduce the prevalence of white-collar crime, fostering a more secure, transparent, and prosperous future for its citizens.