Regulatory Alerts2025-01-12
Added
Remittances for Banking Services, Capital Market Intermediaries, and Lounge Facilities
Authorized Dealers may remit fees for recurring international transaction services, including Reuters monitor, SWIFT, Bloomberg, and credit rating services, extending previous allowances for specific tools. Authorized Dealers are permitted to remit fees for lounge visit facilities for customers holding international cards, capped at 500 US Dollars or equivalent per cardholder per calendar year. Authorized Dealers may also remit fees abroad for financial data and communication services to capital market intermediaries, provided these entities are licensed by the Bangladesh Securities Exchange Commission. In all cases, Authorized Dealers must obtain invoices, comply with tax and VAT regulations, follow reporting routines, and conduct customer due diligence under AML/CFT standards.