Regulatory Alerts2020-07-26
Added · Updated
FEPD Circular No. 31: Outward remittances on account of shipment tracking charges
Authorized Dealers in Foreign Exchange in Bangladesh may effect outward remittances for shipment tracking charges from globally recognized service providers, provided they maintain tie-up arrangements and receive information through secure channels. Remittance requests must be supported by invoices, and all applicable taxes, levies, and AML/CFT standards must be complied with. To reduce transaction costs, Authorized Dealers may establish tie-ups with other Authorized Dealers to access these services, with inter-bank payments settled in Taka.