Regulatory Alerts2014-06-05
Added · Updated
FEPD Circular No. 24: Reporting of foreign exchange transactions of licensed Money Changers
Licensed Money Changers in Bangladesh must report their foreign exchange transactions monthly through their nominated Authorized Dealer banks using amended Schedules MCR-1 and MCP-1, effective June 5, 2014. These schedules require specific country codes and purpose codes for transactions involving non-residents and sales to Bangladeshi travelers or foreign tourists. The reporting is submitted alongside Summary Statement S-12, while other instructions under paragraph 25 of Chapter 2 of GFET-2010 remain unchanged.
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