Regulatory Alerts2019-11-24
Added · Updated
FEPD Circular Letter No. 30: Use of International Cards from Bangladesh for online payments abroad
Authorized Dealers are required to waive Online Transaction Authorization Form formalities for international card online payments abroad. Authorized Dealers must implement arrangements to prevent illegitimate transactions, including payments for online gambling, forex trading, cryptocurrency purchases, and goods originating in Bangladesh. Authorized Dealers must strictly observe KYC and AML/CFT standards, follow usual reporting routines to Bangladesh Bank, and ensure compliance with applicable duties and taxes.