Regulatory Alerts2026-04-08
Circular Letter No. 09: Preservation and Use of Information of Penalized Employees of Financial Institutions through CMMS (Corporate Memory Management System)
Bangladesh Bank mandates all financial institutions to preserve and utilize information regarding penalized employees through the Corporate Memory Management System (CMMS). This directive reinforces previous instructions issued in April 2019 and explicitly extends compliance requirements to non-bank financial institutions. All covered entities must strictly adhere to these preservation and usage protocols under Section 41(3) of the Bangladesh Bank Order, 2023.
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