BFIU Circular Letter No. 01: Regarding Money Laundering Prevention Rules 2019

Bangladesh Financial Intelligence Unit
Bangladesh Bank
Head Office
Dhaka.

Ref. No. BFIU Circular Letter No. 01/2019
Date:

To
Managing Director / Chief Executive Officer
All Reporting Entities (as mentioned in Section 2(b) of the Money Laundering Prevention Act, 2012 (Amended 2015)), Bangladesh.

Subject: Regarding Money Laundering Prevention Rules, 2019.

Dear Sir,

Under the authority granted by Section 29 of the Money Laundering Prevention Act, 2012 (Amended 2015), the Ministry of Finance, Government of the People's Republic of Bangladesh, issued the Money Laundering Prevention Rules, 2019 on January 31, 2019, repealing the Money Laundering Prevention Rules, 2013, which were promulgated on November 21, 2013. The said Rules were published in the Extra Gazette of Bangladesh on February 13, 2019.

2. With the issuance of the aforementioned Rules, the responsibilities and duties of reporting entities have been expanded. For the convenience of all concerned to comply with the provisions of the said Rules and to be informed, the Rules have been uploaded on the BFIU page of the Bangladesh Bank website, which can be accessed at the following URL: http://www.bb.org.bd/bfiu/bfiu2019.pdf.

3. You are hereby requested to inform all concerned parties of the aforementioned Rules and to ensure compliance with their provisions.

Yours faithfully,

(Md. Zakir Hossain Chowdhury)
General Manager and Operational Head
Phone: 9530118

Copy No. BFIU(Policy)-04/2019- Date: As above

Copy is sent to the following for information and necessary action (in order of seniority):

1. Chairman, Securities and Exchange Commission, Head Office, Agargaon, Dhaka (with request to distribute to all concerned parties).
2. Chairman, Insurance Development and Regulatory Authority, Head Office, 37/A Motijheel B/A, Dhaka (with request to distribute to all concerned parties).
3. Director General, NGO Affairs Bureau, Prime Minister's Office, Agargaon, Dhaka (with request to distribute to all concerned parties).
4. Executive Vice President, Microcredit Regulatory Authority, Mogbazar, Dhaka (with request to distribute to all concerned parties).
5. Registrar and Director General, Directorate of Cooperatives, Cooperative Bhaban, Agargaon, Civic Center, Dhaka (with request to distribute to all concerned parties).
6. President, ICAB, ICAB Bhaban, Karwan Bazar, Dhaka.
7. President, ICMAB, ICMAB Bhaban, Nilkhet, Dhaka.
8. All Executive Directors / Administrative Advisors, Bangladesh Bank, Head Office/Motijheel/Chittagong/Rajshahi/Khulna/Bogura/Barisal/Sylhet/Rangpur.
9. Executive Director, Bangladesh Bank Training Academy, Mirpur-2, Dhaka.
10. All Departmental Heads, Bangladesh Bank, Head Office, Dhaka.
11. General Manager, Bangladesh Bank, Sadarghat, Dhaka/Mymensingh.
12. Personal Staff of the Governor, Bangladesh Bank, Head Office, Dhaka.
13. Deputy Directors/Assistant Directors attached with the Deputy Governors, Bangladesh Bank, Head Office, Dhaka.
14. Personal Assistants to Administrative Advisors/Executive Directors, Bangladesh Bank, Head Office, Dhaka.
15. Director General, Bangladesh Institute of Bank Management, Mirpur, Dhaka.
16. Secretary, The Institute of Bankers Bangladesh, DR Tower, 12th Floor, 12, Ghazi Gholam Dastgir Road, Dhaka.
17. Chairman, Bangladesh Association of Banks, Jabbar Tower, 42 Gulshan Avenue, Dhaka.
18. Chairman, Association of Bankers, Bangladesh Limited, Eastern Commercial Complex, 73, Kakrail, Dhaka.
19. Chairman, Bangladesh Leasing and Finance Companies Association, Motijheel, Dhaka.
20. Chairman, Bangladesh Insurance Association, 7 Rajuk Avenue, Motijheel, Dhaka.
21. President, REHAB, 1/G, National Posra, Free School Street, Sonargaon Road, Dhaka (with request to distribute among members).
22. President, Bangladesh Jewelers Association, 3 Baytul Mukarram Market (Third Floor), Dhaka (with request to distribute among members).
23. President, Dhaka Taxes Bar Association, Revenue Bhaban, Bangladesh Secretariat, Segun Bagicha, Dhaka (with request to distribute among members).

(Zuairia Haque)
Deputy Director
IP Phone: +880-2-55665001-6/20306
E-mail: zuairia.haque@bb.org.bd

12 Falgun, 1425
24 February, 2019