#BFIU Circular

[bdbankingnews-blog]

বিএফআইইউ সার্কুলার অনুযায়ী ইউনিফর্ম অ্যাকাউন্ট ওপেনিং ফর্ম ও কেওয়াইসি প্রোফাইল ফরম

বিএফআইইউ সার্কুলার অনুযায়ী ইউনিফর্ম অ্যাকাউন্ট ওপেনিং ফর্ম ও কেওয়াইসি প্রোফাইল ফরম

ব্যাংকিং নিউজ বাংলাদেশঃ বাংলাদেশে কার্যরত সকল তফসিলি ব্যাংক সমূহের ব্যবস্থাপনা পরিচালক/প্রধান নির্বাহী কর্মকর্তাদেরকে উদ্দেশ্য করে বাংলাদেশ ব্যাংক কর্তৃক জারিকৃত একটি সার্কুলার, যা হুবহু আপনাদের জন্য তুলে ধরা হলো-

প্রিয় মহোদয়,

তফসিলি ব্যাংকসমূহের জন্য “Uniform Account Opening Form ও KYC Profile Form” জারীকরণ প্রসঙ্গে।

১। মানিলন্ডারিং ও সন্ত্রাসী কার্যে অর্থায়ন প্রতিরোধ ও এ সংক্রান্ত ঝুঁকি…

[joshuajacksonlyblog]

Bitcoin Users Hunted by Police in Bangladesh

Law enforcement in Bangladesh is actively hunting down users of Bitcoin as the use and trading of the cryptocurrency is still illegal in that particular country.

Cryptocurrency advocates have it pretty easy in Europe and North America. We worry about exchange rates, whether to sell off or hodl, and the ongoing up-and-down of crypto prices. At least we don’t have to worry about the police knocking on our door just for engaging in cryptocurrency. Such is not the case in Bangladesh where the police are hunting Bitcoin users.

Bangladesh Bank Warns of Bitcoin Users

Bangladesh Bank, the country’s central bank, is warning other commercial banks to be leery of people using the daddy of cryptocurrency. The reason is that, despite the massive popularity enjoyed by the virtual currency, the use and trading of Bitcoin is still illegal in Bangladesh.

A high-ranking official of the central bank says that a report dealing with cryptocurrencies will soon be sent to the Ministry of Home Affairs. In the meantime, the use of virtual currencies is being monitored by the Foreign Exchange Police Department and other government agencies.

The government of Bangladesh is warning people not to make transactions with Bitcoin, and the central bank says that the virtual currency is not legal tender anywhere in the world. However, such is not the case as Japan has recognized Bitcoin as a legal means of transaction.

Law Enforcement on the Prowl

Right now, the main enforcement against Bitcoin users comes from the Bangladesh Financial Intelligence Unit (BFIU). The Foreign Exchange Police Department, BFIU, and BTRC have already held four meetings on hunting down those using cryptocurrency.

An official with the BFIU states:

Banks and other financial organizations of the country have been ordered to maintain a strict vigil on cryptocurrency trading. A circular will soon be sent out detailing the matter.

There is no way to purchase these currencies legally through banking channels. Cybercrime investigators are working on the matter.

Speaking of cybercrime investigators, Nazmul Islam, the Assistant Deputy Commissioner of the Cyber Crime Unit, says:

We have already located a few bitcoin users, and are on the hunt for more, along with a few web pages which are being checked for authenticity. Investigating cryptocurrency trading is a complex matter.

While the use of cryptocurrency is illegal in Bangladesh, such a circumstance has done little to dampen enthusiasm for it. While the government of Bangladesh is cracking down on crypto users, it does plan on actually implementing its own virtual currency sometime in the future.

This was made clear by comments made by an advisor to the Bangladesh Bank during the Digital World 2017 conference. The advisor, S K Sur Chowdhury, said;

A combined committee will be formed with officials from the central bank as well as government and non-government financial organizations. It will figure out how to create and implement Bangladesh’s digital currency.

As for now, it’s probably best for cryptocurrency enthusiasts in Bangladesh to keep an eye out and be wary, lest they be scooped up by the police.

What do you think about Bangladesh using police to crack down on cryptocurrency users? Is this a sign of fear by traditional economic institutions? Let us know in the comments below.

Images courtesy of Wikimedia Commons/@Nahid Sultan, Pixabay, and Shutterstock.

The post Bitcoin Users Hunted by Police in Bangladesh appeared first on Bitcoinist.com.

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[bitcoinegoldrush]

Bangladesh Authorities on “Hunt” for Bitcoin Traders

Regulation

Bangladesh – one of the few countries presently attempting to enforce a ban on cryptocurrency trading and use – has announced that several major state institutions will begin ramping up efforts to crack down on bitcoin adoption among Bangladeshi citizens.

Also Read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten

Bangladesh Central Bank Warns Financial Institutions Against Cryptocurrency Users

Bangladesh Bank officials have again issued a warning pertaining to cryptocurrencies, this time seeking to deter the country’s banks from providing services to bitcoin users.

An official from the Bangladesh Financial Intelligence Unit (BFIU) told reporters that “Banks and other financial organizations of the country have been ordered to maintain a strict vigil on cryptocurrency trading. A circular will soon be sent out detailing the matter,” adding “There is no way to purchase these currencies legally through banking channels. Cybercrime investigators are working on the matter.”

Bangladeshi Authorities on “Hunt” for Bitcoin Traders

Investigators from the BFIU are reported to “have already begun to look for bitcoin traders,” with the Bangladesh Telecommunication Regulatory Commission (BTRC) allegedly aiding said investigations. Officials representing the BFIU and BTRC have held four meetings regarding cryptocurrency so far.

Nazmul Islam, the assistant deputy commissioner of Bangladesh’s cybercrime unit, stated “We have already located a few bitcoin users, and are on the hunt for more, along with a few web pages which are being checked for authenticity. Investigating cryptocurrency trading is a complex matter.”

A high ranking official from Bangladesh’s central bank also indicated that the country’s Foreign Exchange Police Department, among other state institutions, is actively monitoring bitcoin – with a report soon expected to be delivered to the Ministry of Home Affairs regarding the impacts and potential policy ramifications of virtual currencies.

Cryptocurrency Use Prohibited in Bangladesh

Local media has reported that “the trading and usage” of cryptocurrency remains “rampant” in Bangladesh, despite the central bank’s announcement at the end of 2017, revealing the country’s prohibition on bitcoin use.

In addition to groups devoted to facilitating peer to peer trading proliferating on social media platforms, Dhaka Tribune states “Localbitcoins.com says that [crypto]currencies are being traded in Bangladesh through banks, bKash, Rocket, and other methods of mobile banking.”

What is your response to Bangladeshi authorities seeking to “hunt” bitcoin traders? Share your thoughts in the comments section below!

Images courtesy of Shutterstock

Need to calculate your bitcoin holdings? Check our tools section.

Article Source

The post Bangladesh Authorities on “Hunt” for Bitcoin Traders appeared first on Bitcoin E-Gold Rush.

[bdbankingnews-blog]

অ-ব্যক্তিক হিসাবের জন্য প্রয়োজনীয় তথ্যাদির নির্দেশক (Indicative) তালিকা

অ-ব্যক্তিক হিসাবের জন্য প্রয়োজনীয় তথ্যাদির নির্দেশক (Indicative) তালিকা

ব্যাংকিং নিউজ বাংলাদেশঃ প্রত্যেক ব্যাংক যথাযথভাবে গ্রাহকের পরিচিতি ও Customer Due diligence সম্পাদন করার উদ্দেশ্যে ব্যাংকের সন্তুষ্টি সাপেক্ষে এ তালিকায় বর্ণিত তথ্যের অতিরিক্ত তথ্য ও দলিলাদি সংগ্রহ করতে পারবে। ‘ব্যাংকের সন্তুষ্টি সাপেক্ষে’ এর ব্যাখ্যা বিএফআইইউ সার্কুলার নং-১০ এর ৩.২ (৩) অনুচ্ছেদে প্রদান করা হয়েছে।

(ক) কর্পোরেট বা ব্যবসায়িক প্রত���ষ্ঠানের হিসাবঃ

(১) ব্যক্তি মালিকানাধীন প্রতিষ্ঠানঃট…