Regulatory Alerts2025-07-14
Added
DFIM Circular Letter No. 15: Regarding fraudulent activities under the name of Anti-Corruption Commission
The Department of Financial Institutions and Markets issues instructions to all finance companies operating in Bangladesh to take necessary measures against fraudulent activities and illegal operations conducted in the name of the Anti-Corruption Commission's Chairman, Commissioners, and staff. These instructions are issued pursuant to the Memoranda dated June 16, 2025, and June 4, 2025, from the Ministry of Establishment and the Cabinet Division, respectively, and are promulgated under the authority granted by Section 41(2)(d) of the Finance Companies Act, 2023.
Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh. Ref No: DFIM Circular Letter No. 15 Managing Directors / Chief Executive Officers All Finance Companies operating in Bangladesh.
Dear Sir,
With reference to the need to provide necessary instructions to combat fraudulent activities and illegal operations by the Honorable Chairman, Honorable Commissioners, Honorable Chairman and Honorable Commissioners of the Anti-Corruption Commission, and the Secretary and staff working in the Commission, who deceive the public.
In this regard, the Memorandum No. 53.00.0000.000.211.99.0020.18.467 dated June 16, 2025, from the Ministry of Establishment, Government of the People's Republic of Bangladesh, and the Memorandum No. 04.00.0000.000.521.99.0002.21.276 dated June 4, 2025, from the Cabinet Division, are attached for your kind information and necessary action.
- These instructions are issued under the authority granted by Section 41(2)(d) of the Finance Companies Act, 2023.
Yours faithfully,
Enclosure: As per list.
(Gautam Kumar Ghosh) Director (DFIM) Phone: 9530178. 30 Ashar 1432 Date: 14 July 2025 Institution and Market Department