Regulatory Alerts2025-03-27
Added
FEPD Circular Letter No. 13: Remittance on account of attending training, seminar, workshop abroad
The restrictions on effecting remittances for registration or participation fees for attending training, seminars, or workshops abroad by employees of banks and financial institutions are revoked. This authorization, previously withdrawn in May 2022, is reinstated subject to the observance of BRPD Circular Letter No. 02 of January 19, 2025 and DFIM Circular Letter No. 05 of March 24, 2025. Authorized Dealers in Bangladesh are required to bring the content of this circular to the notice of all their branches.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd FE Circular Letter No. 13 Date: March 27, 2025 Head offices/principal offices of all Authorized Dealers in Bangladesh Dear Sirs, Remittance on account of attending training, seminar, workshop abroad Please refer to paragraph 14, chapter 11 of the Guidelines for Foreign Exchange Transactions-2018, Vol-1. in terms of which Authorized Dealers (ADs) are permitted to effect remittance on account of registration/participation fee for attending training, seminar, workshop abroad by employees of banks and financial institutions. The authorization was, however, withdrawn vide FE Circular Letter No. 14 of May 22, 2022. 02. Given the changing situation, the restrictions to effect remittances on account of registration/participation fees for attending training, seminar, workshop abroad by employees of banks and finance companies (financial institutions) shall stand revoked, subject to observance of BRPD Circular Letter No. 02 of January 19, 2025 and DFIM Circular Letter No. 05 of March 24, 2025. Please bring the content of this circular letter to the notice of all of your AD branches. Yours faithfully,
(Md. Harun-Ar-Rashid) Director (FEPD) Phone: 9530123