Regulatory Alerts2026-01-08
Added
BFIU Circular Letter No. 01: Instructions to Scheduled Banks Regarding Submission of Cash Transaction Reports
The Bangladesh Financial Intelligence Unit mandates that scheduled banks submit Cash Transaction Reports (CTR) on a weekly basis, with each week's report due within three working days of the following week. This directive, effective January 11, 2026, requires banks to file CTRs for the period of January 1–10, 2026, by January 13, 2026. Failure to submit timely, accurate, or complete reports, or violation of these instructions, may result in action under Section 23 of the Money Laundering Prevention Act, 2012.
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