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The Financial Express

BB maintains firm stance against digital hundi

Published: November 02, 2017 19:41:03 | Updated: November 11, 2017 10:27:16


BB maintains firm stance against digital hundi

Bangladesh Bank (BB) continues to maintain its strict position to stop digital hundi in order to enhance remittance inflow through mobile financial service, such as mobile banking.

"The inflow of remittance increased by 35.83 per cent or US$306 million from the amount in the previous month (September 2017)," said BB Executive Director and Deputy Head of the Bangladesh Financial Intelligence Unit (BFIU) M Mizanur Rahman Jodder.

He said this at a meeting with mobile financial service provider organisations at BB headquarters in the city, said a press release.

BB General Manager and Operation Head of BFIU M Zakir Hossain presided over the meeting.

Mobile financial service provider organisations and high officials of BB's concern department were also present at the meeting.

Speakers at the meeting urged the mobile financial service provider organisations to submit reports of their activities before BFIU regularly.

They also urged the BB officials to enhance monitoring over the mobile financial service provider organisations and stop the accounts involved with hundi, a BSS report said.

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