Regulatory Alerts2015-12-24
Added · Updated
Dispensing with Submission of TM Form to Bangladesh Bank
Authorized Dealers are required to cease submitting the TM Form and related documents with monthly or periodic returns to Bangladesh Bank effective January 2016. Instead, Authorized Dealers must update the online TM monitoring System at the time of conducting such transactions and preserve printed copies of the TM Form and related documents for five years for record and inspection. In cases under investigation by Bangladesh Bank inspection teams or other Government agencies, the TM Form and full set of related documents shall be disposed of only after obtaining clearance from the concerned inspection team or Government agency. Authorized Dealers must continue submitting statements to Bangladesh Bank in accordance with Chapter 10 of GFET, Volume-1 (2009 Edition).
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