BFIU Circular Letter No. 01: Regarding Account Opening in the Scheduled Banks by Non-Resident Bangladeshis

Bangladesh Financial Intelligence Unit Bangladesh Bank Head Office Dhaka. Ref. No. BFIU Circular Letter No. 01 Date: 12 Sraban 1429 27 July 2022 Managing Director/Chief Executive Officer All Scheduled Banks Operating in Bangladesh Regarding Account Opening in the Scheduled Banks Operating in Bangladesh by Non-Resident Bangladeshis.

Dear Sir,

In the matter of account opening by Non-Resident Bangladeshis residing abroad, it has been the practice of Scheduled Banks operating in Bangladesh to impose the requirement of verifying supporting documents from Bangladesh diplomatic missions abroad, along with other matters, which is not mentioned in any directive of the Bangladesh Financial Intelligence Unit.

2. Supporting documents issued by Scheduled Banks operating in Bangladesh for account opening by Non-Resident Bangladeshis residing abroad, under the verification procedures specified in the Anti-Money Laundering Act, 2012 (AML Act) and the Anti-Terrorism Act, 2009 (AT Act) by the Government of Bangladesh, do not require verification from the concerned diplomatic missions.

3. This directive shall be effective immediately.

Yours faithfully, (Md. Rafiqul Islam) Director (BFIU) Phone: 9530170