One client can open only one mobile phone account

A client will be able to open account with not more than one mobile phone service provider, according to a central bank notification, issued Thursday.
The Bangladesh Bank (BB) also asked the chief executive officers and managing directors of the commercial banks for taking necessary measures to close all other accounts, keeping one account of the clients active.
"We've taken the step to minimise operational risk," a senior BB official told the FE.
The central bank earlier introduced guidelines on mobile financial services (MFS) aiming to bring poor and 'un-banked' people under banking network at an affordable cost.
Talking to the FE, another BB official said it will help check fraudulent activities by using fake mobile phone accounts.
The BB has already given permission to 24 commercial banks for running their mobile banking business across the country.
"Of them, 19 commercial banks have already started their mobile banking service through using mobile phone network," the central banker said.
He also said the banks will be responsible for mitigation of all kinds of risks such as liquidity risk, operational risks, fraud risks including money laundering and terror financing risks.
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