Regulatory Alerts2011-03-28
Added · Updated
DCMPS Circular No. 02: E-Commerce activities
Scheduled banks in Bangladesh are authorized to allow daily internet or online fund transfers of up to BDT 500,000 between accounts held by different customers within the same bank, subject to compliance with the Money Laundering Prevention Act and its directives. This authorization supplements the benefits previously outlined in PSD Circular No. 05 dated November 2, 2009, the provisions of which remain unchanged.