Regulatory Alerts2020-08-23
Added · Updated
FEPD Circular No. 34: Payment of fees for webinar solution services to conduct virtual meetings
Authorized Dealers in Foreign Exchange in Bangladesh may effect remittances for actual payments against invoices for webinar solution services and applicable taxes, within the purview of existing regulations permitting remittance of membership fees for foreign professional and scientific institutions. Authorized Dealers may issue virtual or one-time cards in the name of nominated officials of applicant entities to facilitate online payments for these services. This permission is effective until March 31, 2021, and Authorized Dealers must observe due diligence regarding KYC and AML/CFT standards and reporting routines.