Regulatory Alerts2022-06-29
Added
DCM Circular Letter No. 02: Providing note detection services by the officials of scheduled banks to the cattle traders in
The Department of Currency Management of Bangladesh Bank directs scheduled banks to establish counterfeit note detection booths at approved cattle markets in Dhaka and other districts to prevent the circulation of fake currency during the Eid-ul-Adha 2022 period. Banks must provide free note verification services using detection machines, ensure cash counting facilities, and display security feature videos on customer TVs prior to the holiday. Specific banks are assigned to designated markets in Dhaka North and South City Corporations, while Sonali Bank Ltd. coordinates efforts in areas without Bangladesh Bank offices, with a compliance report due within 15 working days after the festival.
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