Bangladesh Monetary Intelligence Unit (BFIU) has seized the checking account of former parliamentarian and musician Mumtaz Begum. On the identical time, it’s been requested to droop the checking account of the corporate owned by means of him.
In a separate letter, the BFIU has seized the accounts of Bangladesh Staff Celebration president and previous member of parliament Rashed Khan Menon and his privately owned firms.
On Monday (October 14), BFIU has despatched directions to the rustic’s banks and monetary establishments to freeze the accounts. All transactions on those folks and their privately owned industry accounts will probably be suspended. On account of this instruction, there will probably be no transactions in those accounts for the following 30 days. If essential, the transaction suspension length will probably be prolonged.
BFIU’s letter mentioned that the related provisions of the Prevention of Cash Laundering Regulations will follow to this order to droop transactions. Identify and NID data of Rashed Khan Menon and Mumtaz Begum are given within the letter. The account suspension individuals will have to ship the account similar data (Account Opening Shape, KYC and Transaction Commentary) to BFIU inside 2 operating days from the date of letter.
EAR/SNR/JIM
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