Regulatory Alerts2022-07-13
Added
FEPD Circular No. 13: Remittances on account of visa processing fees by resident agents through International Card
Authorized Dealers may issue international debit or prepaid cards in the name of officials designated by nominated agents to facilitate online payments of visa processing fees collected from foreign embassies. This authorization extends the scope of paragraph 14, chapter 19 of the Guidelines for Foreign Exchange Transactions-2018, Vol. 1, while requiring continued observance of instructions in paragraph 11, chapter 11. Authorized Dealers must report these foreign exchange transactions to the Foreign Exchange Operation Department of Bangladesh Bank using the specified annexure format.
Topics
fx
payments
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