Bangladesh 5 notches up on anti-money laundering index Bangladesh has improved in the Basel Anti Money Laundering (AML) Index 2023, going up five notches to the 46th. The report attributes Bangladesh’s improved ranking to increased transparency in the financial sector and improved anti-money laundering and counter-terrorism financing frameworks. The report
Read MoreDollar rates now reduced for exporters, importers, remitters After over a year, foreign-currency dealers and bankers in Bangladesh reduced the raised exchange rate of the US dollar by Tk 0.50 across the board–for remittances, export proceeds and import payments. As per the latest decision, exporters and remitters will now receive
Read MoreOnline banking growing faster in rural areas In 2019 to 2023, online banking branches grew by 39% in rural areas, 15% in urban. The adoption of online banking in rural Bangladesh has soared thanks to the rise in the number of internet users. At present, out of the 11,233 fully
Read MoreBangladesh Bank asks banks to ensure timely disposal of money suits The Bangladesh Bank (BB) Wednesday instructed the banks to take measures for timely disposal of the cases pending with Artha Rin Adalat or money loan court-incidentally, when banks reportedly feel liquidity crunch. Banking Regulations and Policy Department of the
Read MoreExchange houses won’t get higher than banks’ fixed rate for a dollar Foreign exchange houses will not get higher than the banks’ fixed rate at the time of selling US dollar to banks in Bangladesh. The central bank shared the information in a meeting between the representatives of the top
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