Financial literacy needed in Bangladesh to stop scams

Bangladesh faces significant challenges in the realm of digital financial crimes as it seeks to build a smart economy for future development. Criminals exploit avenues like illegal e-commerce sites, targeting vulnerable groups through tactics such as multi-level marketing and social media manipulation. The lack of stringent consequences for perpetrators perpetuates these crimes. Victims, often young students, suffer not only financial losses but also mental health issues. To counter this, a comprehensive approach is needed, emphasising the importance of financial literacy, government intervention and inclusive education to safeguard against digital financial scams and foster a secure economic environment.