Regulatory Alerts2023-03-19
Added
DCM Circular Letter No. 01: Instruction to be followed by scheduled banks for preventing fake note circulation during the month of holy Ramadan/2023
Scheduled banks in Bangladesh are directed to display videos featuring banknote security features at designated public locations in Dhaka and other divisional cities, including Bogura, for at least one hour after sunset during Ramadan 2023. Banks must also play these videos on customer TV monitors throughout banking hours and mandate the use of counterfeit note detection machines for high-value note transactions and ATM cash feeding. Additionally, banks are required to submit an illustrated report on their compliance within ten working days following the end of Ramadan.
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