Regulatory Alerts2025-06-18
Added
FE Circular No. 22: Outward remittances on account of project related expenses
Designated Authorized Dealers are granted general authorization to effect outward remittances for consultancy fees, management fees, and other current service fees related to Government projects. This authorization requires that projects be approved by competent authorities, include agreements with foreign beneficiaries, and be supported by invoices and service receipt certificates. Remittances must be executed by branches designated by project authorities, who must intimate Bangladesh Bank prior to execution, while ensuring compliance with tax regulations and KYC/AML standards.
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fx
kyc
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