As per a survey by the Bangladesh Institute of Bank Management (BIBM), shipment delays and late presentation of documents to Bangladesh's authorities are among the most critical challenges faced by the country's garment sector. The survey revealed around 66 per cent of exports could not be delivered on time while late presentation of documents, which poses a money laundering risk, occurred 53 per cent of the time. The main culprit was inadequate knowledge of domestic and international regulations.

The survey also dealt with the increasing amount of overdue export bills: 48 per cent against letters of credit (LCs) and 53 per cent against contracts. The bills increased sevenfold to $119.63 million last year from $16.23 million the year before. Around 42 per cent of export proceeds were found to have been non-repatriated against contracts.

BIBM study revealed the findings of the “Trade Facilitations in RMG by Banks: Risks and Mitigation Techniques” survey at a workshop.