DFIM Circular Letter No. 24: Precautionary measures to ensure safety of the buildings of Finance Companies

Department of Financial Institutions and Markets Bangladesh Bank Head Office Dhaka. Ref No.: DFIM.Circular.Letter DFIM Circular Letter No.-24 Managing Director / Chief Executive Officer All Finance Companies operating in Bangladesh.

Dear Sir,

Regarding the adoption of precautionary measures to ensure the safety of Finance Company buildings.

Reference is drawn to your attention DFIM Circular No.-03, dated: 14 May 2013 and DFIM Circular Letter No.-11, dated: 20 June 2023.

2. Necessary measures have been directed to be taken to strengthen the structural safety measures of Finance Company buildings through the aforementioned circular and circular letter.

3. Now, in order to ensure greater safety of Finance Company buildings and assets, you are hereby directed to take the following measures:

(a) Install the required number of CCTV cameras at the entrances, interiors, exteriors, and all areas involving cash of Finance Company buildings (Head Office, branches, business centers, booths, owned/rented buildings, etc.).

(b) Take necessary measures to bring the installed/being installed CCTV cameras under 24-hour monitoring.

(c) Take necessary measures to establish procedures to provide video footage recorded by CCTV cameras to nearby police stations upon request.

(d) Retain video footage recorded by CCTV cameras for a minimum of one year.

4. This order is issued under the powers granted by Section 41(2)(g) of the Finance Companies Act, 2023.

Yours faithfully,

(Md. Asaduzzaman Khan) Director (DFIM) Phone: 9530178 Date: 13 Agrahayan 1430 28 November 2023