BB asks banks to freeze five accounts
Friday, 14 May 2010
FE Report
Bangladesh Bank (BB) has asked the commercial banks and financial institutions to freeze five accounts, which include two of a Malaysian multinational marketing company and three local individuals, for one month, officials said
The central bank issued a directive in this connection Thursday and asked chief executives and managing directors of all scheduled banks and non-banking financial institutions (NBFIs) to submit the reports on the accounts to the Anti-Money Laundering Department of the BB within a week.
According to the BB's circular, the accounts are: UNIPAY2U, UNIPAY2U Bangladesh Limited, Mohammad Muntasir Husain, father's name: Md. Musharraf Hussain, mother's name: Hasina Musharraf, Md. Masudur Rahman, father's name: Md. Mahbubur Rahman, mother's name: Mojhara Banu and Md. Shahiduzzaman, father's name: Hazi Abdul Majed, mother's name: late Meherunnesa.
"We've taken the measure in line with the existing money laundering prevention act," a BB senior official told the FE, adding that the act empowers the central bank to freeze any suspicious bank account for maximum 60 days in two phases to examine the overall transactions of the account.
"We'll take the next course of action after receiving detailed information on the accounts," the BB official said without elaborating.
Currently, UNIPAY2U is operating their businesses in eight countries including Bangladesh.
"We started our businesses in the country on October 11 last year," a company representative said.
Bangladesh Bank (BB) has asked the commercial banks and financial institutions to freeze five accounts, which include two of a Malaysian multinational marketing company and three local individuals, for one month, officials said
The central bank issued a directive in this connection Thursday and asked chief executives and managing directors of all scheduled banks and non-banking financial institutions (NBFIs) to submit the reports on the accounts to the Anti-Money Laundering Department of the BB within a week.
According to the BB's circular, the accounts are: UNIPAY2U, UNIPAY2U Bangladesh Limited, Mohammad Muntasir Husain, father's name: Md. Musharraf Hussain, mother's name: Hasina Musharraf, Md. Masudur Rahman, father's name: Md. Mahbubur Rahman, mother's name: Mojhara Banu and Md. Shahiduzzaman, father's name: Hazi Abdul Majed, mother's name: late Meherunnesa.
"We've taken the measure in line with the existing money laundering prevention act," a BB senior official told the FE, adding that the act empowers the central bank to freeze any suspicious bank account for maximum 60 days in two phases to examine the overall transactions of the account.
"We'll take the next course of action after receiving detailed information on the accounts," the BB official said without elaborating.
Currently, UNIPAY2U is operating their businesses in eight countries including Bangladesh.
"We started our businesses in the country on October 11 last year," a company representative said.