Regulatory Alerts2012-10-10
Added · Updated
Instructions for Freezing Accounts of Listed Individuals or Institutions under UN Security Council Sanctions
Reporting agencies under Section 2(20) of the Anti Terrorism Act, 2009 must freeze accounts or transactions operated in the name of persons or institutions listed in United Nations Security Council Resolutions 1267, 1373, and those relating to weapons of mass destruction proliferation without delay. These freezing obligations extend to institutions owned or controlled directly or indirectly by listed entities. The accounts must be reported to the Bangladesh Financial Intelligence Unit, and agencies are instructed to proactively collect the relevant lists from the UN website.