2024-09-11 11:00:33
Published: 20:08, 9 September 2024
After the interim government took over, various reforms including the banking sector have started. In continuation of this, the Bangladesh Financial Intelligence Unit (BFIU) directed the banks and financial institutions of the country to suspend the transactions of the accounts managed in the name of several individuals and sole proprietorships. But the central bank is noticing that some banks and financial institutions have suspended the transactions of the accounts of the companies associated with the individuals beyond these guidelines. Bangladesh Bank has clearly stated that BFIU has not suspended any company account transactions.
On Monday (September 9), Bangladesh Bank gave this information in a clarification regarding the suspended account transactions through BFIU.
According to the central bank, Bangladesh Financial Intelligence Unit (BFIU) is working as a central agency to prevent money laundering and terrorist financing. Following various media reports, suspicious transaction reports and complaints lodged with BFIU recently, several individuals and individuals are suspected of money laundering offenses in all Scheduled Banks and Financial Institutions operating in Bangladesh as per Section 23 (1) (c) of Prevention of Money Laundering Act, 2012 by BFIU. Directed the suspension of transactions in accounts held in the name of proprietary institutions.
However, the central bank observed that banks and financial institutions have suspended the transactions of company accounts related to individuals beyond these guidelines. As a result, the daily activities of these institutions are being disrupted. The payment of salaries to the officers and employees of the institutions and in many cases the transactions related to import and export are being hindered. Such activities of banks and financial institutions can adversely affect the economy. As a result, the officers and employees working in the concerned institutions may suffer. Which is not desirable at all.
According to the Central Bank, to clarify the matter, it is being informed for the information of all that through the recent separate instructions through BFIU, the transactions of the accounts of any company related to individuals have not been suspended except for the accounts maintained in the name of individuals and sole proprietorships.
NF/NH