Regulatory Alerts2026-05-11
Release of Foreign Currency for Visa Bonds and Refundable Security Deposits
Bangladesh Bank’s Foreign Exchange Policy Department-1 authorizes Authorized Dealers to remit foreign currency or issue and preload international and virtual cards on behalf of individual applicants to cover visa bonds and refundable security deposits. Dealers must verify applicants’ valid passports and official demand letters from embassies or competent authorities detailing the required amounts, currencies, and refund terms, while also securing visa application references. Authorized Dealers are required to maintain dedicated transaction registers, actively monitor bond releases, ensure immediate repatriation of refunded funds to Bangladesh, and comply with standard reporting, tax, and AML/CFT regulations.
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