Anti Money Laundering

Bangladesh Financial Intelligence Unit

Bangladesh Bank Head Office Dhaka.

Web site: www.bangladeshbank.org.bd

BFIU Circular No. 06 Chief Executive

Date: 30 December, 2012

All stock dealers and stock brokers, portfolio managers and merchant banks, securities custodians, asset managers.

Dear Sirs,

Instructions to be followed by Capital Market Intermediaries for compliance of the provisions contained in the Money Laundering Prevention Act, 2012 and Anti Terrorism Act, 2009(Including amendment of 2012)

Under the power conferred in section 2(L)(vii) of Money Laundering Prevention Act, 2009 and with the approval of the government (1) Stock Dealer and Stock Broker, (2) Portfolio Manager and Merchant Bank, (3) Securities Custodian and (4) Asset Manager have been included as Reporting Organizations by the AML Circular No. 26 issued on 30/09/2010 and the associated gazette-AMLD-01/2010 BB dated 30 September. These reporting organizations subsequently have been included in section 2 (w) (vii) of Money Laundering Prevention Act, 2012. The following instructions are issued as per power conferred in section 23 and section 15 of Money Laundering Prevention Act, 2012 and Anti Terrorism Act, 2009 (including amendments of 2012) respectively for compliance by the above mentioned Capital Market Intermediaries to prevent money laundering and terrorist financing

1. Risk management Procedures: a. To manage the money laundering/terrorist financing (ML/TF) risk efficiently and comply with the provisions of Money Laundering Prevention Act, 2012 and Anti Terrorism Act, 2009 (including amendments of 2012) properly, each institution engaged in capital market (herein referred as Capital Market Intermediaries) shall form an ‘Anti money Laundering and Combating Financing of Terrorism Compliance Unit (AML/CFT Compliance Unit)’ at the head office under the leadership of a high official and where necessary shall establish a system for internal monitoring and control, , through...