Regulatory Alerts2021-11-21
Added
SPA Circular No. 02: Operations of resident entities working as general sales agents and shipping agents of foreign airlines/shipping lines in Bangladesh
Resident general sales agents or shipping agents working for more than one airline or shipping line must maintain separate bank accounts for each carrier to deposit collections from respective operations. Authorized Dealers in Foreign Exchange are advised to guide their customers to establish these separate accounts within three months from the issuance of the circular. This requirement aims to bring discipline in the remittance of surplus earnings out of respective collections.
Topics
fx
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