Regulatory Alerts2022-10-10
Added
FEPD Circular No. 28: Payment of fees for webinar solution services to conduct virtual meetings
Authorized Dealers in Foreign Exchange in Bangladesh are permitted to remit funds for actual payments against invoices for webinar solution services used to conduct virtual meetings, subject to applicable taxes and levies. This authorization extends to payments for the Authorized Dealers' own use and allows for online settlement via virtual cards, one-time cards, or International Remittance cards. Authorized Dealers must observe due diligence regarding KYC and AML/CFT standards and reporting routines to Bangladesh Bank.