Regulatory Alerts2012-05-13
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FEPD Circular Letter No. 04: Precaution relating to transfer of sales proceeds of asset of Jubo Karmashangsthan Society (JUBOK)
The Foreign Exchange Policy Department of Bangladesh Bank advises all approved dealer banks to exercise necessary caution in accordance with existing laws and regulations when handling the transfer or remittance abroad of sales proceeds from the assets of Jubo Karmashangsthan Society (JUBOK) and any associated institutions. Banks are requested to inform all relevant parties regarding this precautionary measure.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka Ref. No. FEPD (LDA)/2012-04 Date: May 13, 2012
To, All Approved Dealer Banks engaged in Foreign Exchange Transactions Head Office / Principal Office.
Dear Sir,
Subject: Precaution relating to transfer/remittance abroad of sales proceeds of assets of Jubo Karmashangsthan Society (JUBOK).
You are advised to exercise necessary caution in accordance with existing laws and regulations regarding Jubo Karmashangsthan Society (JUBOK) and any institutions associated with JUBOK, where their assets cannot be transferred/remitted abroad upon sale.
You are requested to kindly inform all concerned parties about this matter.
Yours faithfully,
(Mohammad Golam Haider) Deputy General Manager Phone: 7120375
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