Race software to withdraw suspension of fund’s checking account – 2024-06-17 03:32:05

by times news cr

2024-06-17 03:32:05

Bangladesh Race Asset Administration, the nation’s prime asset administration firm, and all of the funds managed underneath it have requested to withdraw the suspension of checking account transactions.

Hasan Imam, Chief Government Officer and Managing Director of Bangladesh Race Asset Administration, utilized to Bangladesh Financial institution Governor Abdur Rauf Talukder on June 11 to withdraw the suspension of fund’s checking account transactions.

Earlier on June 10, Bangladesh Financial institution-Bangladesh Monetary Intelligence Unit (BFIU) ordered all scheduled banks in Bangladesh to droop checking account transactions of races for 30 days. Nonetheless, in view of that directive, Bangladesh Race Asset Administration has utilized to Bangladesh Financial institution to withdraw the suspension of fund’s checking account transactions.

In accordance with the directions of the Central Financial institution, your consideration is drawn to the truth that the transactions of all financial institution accounts, FDR and MTDR accounts of Bangladesh Race Asset Administration and the funds managed underneath it in your group underneath 23(1)(c) of the Prevention of Cash Laundering Act-2012 for the following 30 Adjournment was ordered for the day i.e. from June 10 to July 9.

Funds managed by Bangladesh Race Asset Administration are AB Financial institution First Mutual Fund, EBL First Mutual Fund, EBL NRB Mutual Fund, Exim Financial institution First Mutual Fund, First Bangladesh Mutual Fund, IFIC Financial institution First Mutual Fund, PHP First Mutual Fund, Well-liked Life First Mutual. Fund, RES Particular Alternatives Unit Fund, Belief Financial institution First Mutual Fund, First Janata Financial institution Mutual Fund and RES Monetary Inclusion Unit Fund.

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