Regulatory Alerts2026-02-05
Added
BFIU Circular Letter No. 03: Instructions for the MFS for the Enforcement of Transaction Monitoring System
The Bangladesh Financial Intelligence Unit (BFIU) issues instructions to all Mobile Financial Service (MFS) providers operating in Bangladesh to strengthen the Transaction Monitoring System, with specific emphasis on transactions managed by agents, distributors, and merchants. The directive mandates the immediate filing of suspicious transaction or activity reports where applicable, referencing the requirements set forth in Paragraph 6 of BFIU Circular No. 20 dated September 17, 2019. This circular serves to notify relevant entities and enforce these compliance measures.