BFIU Circular No. 02: Regarding the Money Laundering Prevention Act, 2012 and Amendment of the Anti Terrorism Act, 2012

Bangladesh Financial Intelligence Unit
Bangladesh Bank
Head Office, Dhaka.
Website: www.bfiu.gov.bd
BFIU Circular No: 2
Date:
01 Chaitra, 1418
15 March, 2012

Managing Director / Chief Executive Officer / Head of Institution Dear Sir,

Regarding the Money Laundering Prevention Act, 2012 and Anti Terrorism (Amendment) Act, 2012.

With the objective of enacting laws and rules regarding the prevention of money laundering and related other offenses, including punishment, and ancillary matters, the Money Laundering Prevention Act, 2012 (Act No. 5 of 2012, dated 20 February, 2012/8 Falgun, 1418) repealing existing laws and ordinances on money laundering prevention, and the Anti Terrorism (Amendment) Act, 2012 (Act No. 6 of 2012, dated 20 February, 2012/8 Falgun, 1418) enacted to amend the Anti Terrorism Act, 2009, have been published in the Extraordinary Gazette of the People's Republic of Bangladesh with the assent of the Honorable President of Bangladesh for general information. These two Acts have been uploaded on the Bangladesh Bank website, which can be downloaded from the following link:

www.bfiu.gov.bd/download/acts/acts.pdf

2. You are hereby directed to inform all concerned about these two Acts and to ensure compliance with the rules of these two Acts.

3. The Money Laundering Prevention Ordinance, 2012 and Anti Terrorism (Amendment) Ordinance, 2012 issued by the Bangladesh Financial Intelligence Unit in BFIU Circular No. 1/2012 dated 30 January, 2012 shall be deemed cancelled with effect from this date.

4. All circulars and circular letters previously issued by the Bangladesh Bank for the prevention of money laundering and terrorism financing (where applicable) shall be deemed to have been issued under the authority granted by Section 23(1)(g) of the Money Laundering Prevention Act, 2012 and/or Section 15(1)(j) of the Anti Terrorism Act, 2009 read with the Anti Terrorism (Amendment) Act, 2012.

5. Please acknowledge receipt.

Yours faithfully,

(Deb Prasad Debnath)
General Manager
Phone: 7120659

Copy No: BFIU-2/2012-995 Date: Unspecified

Copies are sent to the following for information and necessary action (not in order of seniority):

1. Personal Assistant, Chairman, Bangladesh Bar Council, Bar Council Bhaban, Dhaka.
2. Personal Assistant, Secretary, Ministry of Social Welfare, Bangladesh Secretariat, Dhaka.
3. Director General, NGO Affairs Bureau, Dhaka.
4. Director General, Department of Women's Affairs, Dhaka.
5. Director General, Department of Social Services, Dhaka.
6. Director General, Department of Cooperatives, Dhaka.
7. Executive Vice Chairman, Microcredit Regulatory Authority, Dhaka.
8. Registrar, Registrar of Joint Stock Companies and Firms, Motijheel, Dhaka.
9. Chairman, Securities and Exchange Commission, Dilkusha, Dhaka.
10. Chairman, Insurance Development and Regulatory Authority, Motijheel B/Block, Dhaka.
11. President, The Institute of Chartered Accountants of Bangladesh, Kawran Bazar, Dhaka.
12. President, The Institute of Cost and Management Accountants of Bangladesh, Nilkhet, Dhaka.
13. All Divisional Heads, Bangladesh Bank, Head Office, Dhaka.
14. General Manager, Bangladesh Bank, Motijheel, Dhaka/Chittagong/Rajshahi/Khulna/Bogura/Sylhet/Sadarghat, Dhaka/Barisal/Rangpur.
15. Secretary to the Governor, Bangladesh Bank, Head Office, Dhaka.
16. Personal Office of the Governor, Bangladesh Bank, Head Office, Dhaka.
17. Secretary General, The Institute of Bankers Bangladesh, BSRS Bhaban, 10th Floor, 12 Kawran Bazar, Tejgaon, Dhaka.
18. Chairman, Bangladesh Association of Banks, 42, Kamal Ataturk Avenue, Banani, Dhaka.
19. Chairman, Association of Bankers, Bangladesh Limited, Eastern Commercial Complex, 73 Kakrail, Dhaka.

(Kamal Hossain)
Deputy Director
Phone: 7126101-14/2482

All Banks, Financial Institutions, Insurers, Money Changers, Authorized or Authorized Value Remittance Companies or Institutions, Institutions operating business with the permission of Bangladesh Bank, Stock Dealers and Stock Brokers, Portfolio Managers and Merchant Bankers, Security Custodians, Asset Managers, Non-Governmental Organizations/Institutions (NGOs), Non-Governmental Development Organizations (NGDOs), Cooperative Societies, Real Estate Developers, Precious Metals or Stones Business Institutions, Trust and Company Service Providers, Lawyers, Notaries, other Legal Professionals and Accountants.