Bangladesh Bank streamlines forex and gold licensing with unified circular
Dhaka, Oct. 17 -- Bangladesh Bank has issued a comprehensive, unified circular consolidating existing rules and regulations regarding the issuance and renewal of licenses for foreign exchange and gold businesses.
The updated directive covers licensing guidelines for Authorized Dealers (ADs), money changers, limited money changers, Authorized Gold Dealers (AGDs), and importers of gold ore and dore.
The circular released on Saturday (October 17), encompasses a wide range of regulatory parameters-spanning from initial licensing and renewals to foreign exchange transactions, gold import and export, anti-money laundering (AML), combating the financing of terrorism (CFT), and ongoing regulatory oversight.
According to the central bank, gathe...
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