Regulatory Alerts2023-08-21
Added
BFIU Circular Letter No. 01: Regarding the proscription of activities of the militant group/organization 'Jama'atul Ansar Fil Hindal Sharqiya' in Bangladesh by the Government of the People's Republic of Bangladesh
The Bangladesh Financial Intelligence Unit (BFIU) directs all regulated entities, including scheduled banks, financial institutions, insurance companies, money changers, NGOs, and legal professionals, to immediately freeze any accounts belonging to the militant organization 'Jama'atul Ansar Fil Hindal Sharqiya' and to cease any business relationships with it. This directive is issued pursuant to Sections 15(1)(g) and 20(1)(x) of the Anti-Terrorism Act, 2009, following the Government of Bangladesh's official gazette notification on August 9, 2023, which banned the group's activities due to threats to national security. The instructions are effective immediately.