Regulatory Alerts2015-06-23
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GBCSRD Circular Letter No. 10: To include 'corruption prevention activities' in CSR
Expenditures on awareness campaigns or other initiatives by institutions to prevent corruption and promote integrity are recognized as Corporate Social Responsibility (CSR) expenses. Banks and financial institutions are advised to report these specific expenditures under the 'Others' category in the format issued by the Green Banking and CSR Department via Circular Letter No. 06 dated June 10, 2015.
Green Banking and CSR Department Bangladesh Bank Head Office Dhaka June 23, 2015 GBCSRD Circular Letter No. 10/2015 Date: ----------------- Ashar 09, 1422
Managing Director / Chief Executive All Scheduled Banks/Financial Institutions operating in Bangladesh
Dear Sir,
Regarding the inclusion of 'Integrity and Anti-Corruption Prevention' in CSR-related programs.
Attention is drawn to the matter that financial assistance provided by any institution for awareness campaigns or other forms of promotion regarding integrity and anti-corruption prevention measures shall be considered as Corporate Social Responsibility (CSR) expenditure.
It is also advised to you to display such expenditure under the 'Others' section of the format issued by the Green Banking and CSR Department through Circular Letter No. 06 dated June 10, 2015.
Kindly acknowledge receipt.
Yours faithfully,
(Manoj Kumar Biswas) General Manager Phone: 9530320
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