Bangladesh Bank (BB) has issued new instructions on submission of Cash Transaction Report (CTR).
The new instructions were issued through a letter signed by AKM Golam Mahmud, the director of Bangladesh Financial Intelligence Unit (BFIU) of Bangladesh Bank on Thursday.
The instructions state that as per the instructions of paragraph 6 (six) of BFIU Circular No. 26 issued on June 16, 2020, in case of deposit or withdrawal of 10 lakh taka or more or foreign currency of equivalent value (any type of cash deposit or withdrawal including online, ATM) in any account on any specific day, there is an obligation to submit Cash Transaction Report (CTR) to BFIU.
Until further instructions, instructions have been given to submit Cash Transaction Report (CTR) on a weekly basis (within 3 (three) working days of the following week for each weekly report.
This instruction will come into effect from 11th January 2026. In addition, the CTR for the period 1-10th January 2026 should be submitted by January 13, 2026.
Other instructions of BFIU Circular No.-26, dated: 16th June 2020 regarding submission of Cash Transaction Report (CTR) will remain in force.
In this context, it is further informed that in case of failure to submit (CTR) on time or providing incorrect, incomplete or false information or statement or violation of the instructions related to this, action may be taken as per the provisions of Section 23 of the Prevention of Money Laundering Act, 2012.
This instruction is issued under the powers conferred by Section 23(1)(d) of the Prevention of Money Laundering Act, 2012 and Section 15(1)(d) of the Anti-Terrorism Act, 2009.
Source: BSS
Bd-pratidin English/Lutful Hoque
