Regulatory Alerts2020-07-21
Added · Updated
FE Circular No. 29: Remittances of dividend to non-resident shareholders
Authorized Dealers are no longer required to forward documents to Bangladesh Bank for dividend remittances, waiving the requirement under paragraph 31(e), chapter 10 of GFET. This decision aligns regulations for enterprises in specialized zones with those in non-specialized zones. Authorized Dealers must still comply with paragraph 31 of GFET, maintain dividend files for inspections, and observe KYC and AML/CFT standards. The circular is effective immediately.