Regulatory Alerts2020-05-12
Added · Updated
FEPD Circular Letter No. 20: Cash incentives against remittance sent in legitimate way
The Foreign Exchange Policy Department of Bangladesh Bank extends the deadline for submitting documents for remittances exceeding BDT 5,000 or BDT 500,000 from 15 working days to two months, a relaxation valid until December 31, 2020. This directive applies to scheduled banks operating in Bangladesh and is effective from July 1, 2019. Banks must ensure compliance with previous instructions regarding remittances exceeding BDT 1,500 or BDT 150,000.
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