Regulatory Alerts2011-07-14
Added · Updated
FEPD Circular No. 11: Online payment of fees etc abroad using ICCs on internet
International Credit Cards (ICCs) are authorized for online payment of fees for foreign professional and scientific institutions and foreign educational admissions, as outlined in Paragraph 9, Chapter 11 of the Guidelines for Foreign Exchange Transactions. Individuals without ICCs in their names may use a 'Virtual Card' issued by an ICC-issuing bank for these payments. All online ICC and Virtual Card transactions must be reported to Bangladesh Bank in accordance with Paragraph 12, Chapter 19 of the Guidelines.
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