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Bangladesh
1996 (30 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know International Leasing And Financial Services Limited
Company Information
Get to know International Leasing And Financial Services Limited
Incorporated in 1996 as a public limited company, International Leasing And Financial Services Limited (ILFSL) is a non-bank financial institution (NBFI) licensed by the Bangladesh Bank. The company offers a variety of financial products including lease finance, term finance, and real estate finance, alongside several deposit schemes. Historically, it aimed to contribute to the socio-economic development of Bangladesh. However, in recent years, the company has become the center of one of the country's largest financial scandals involving massive loan embezzlement, leading to the intervention of the Bangladesh Bank and the High Court, which appointed a new board to restructure the company and recover funds for its depositors.
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