Regulatory Alerts2025-01-19
Added
FEPD Circular Letter No. 03: Addendum to Policy on Drawing Arrangements Between Exchange Houses and Banks
Authorized Dealers in Bangladesh must update their policy frameworks to require exchange houses to specify the source foreign currency, conversion rate, and remitted amount in BDT in disbursement instructions. Additionally, Authorized Dealers must include the source foreign currency, conversion rate, disbursed remittance, and cash incentive amount in BDT in receipts, SMS, or emails provided to beneficiaries. These requirements apply to transactions involving drawing arrangements between exchange houses abroad and banks in Bangladesh and become effective on February 01, 2025.
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