BFIU instructs stopping transactions with ‘Jamaatul Ansar Sharqiya’

Staff Reporter :
Bangladesh Financial Intelligence Unit (BFIU) yesterday in a directive asked all to stop business and financial relations with the banned militant organization ‘Jamaatul Ansar Fil Hindal Sharqiya’.

BFIU is a government agency under Bangladesh Bank responsible for investigating money laundering, suspicious transactions, and cash transaction reports.

After the militant organization was banned by the government, the BFIU issued the directive, adding that any business relationship with this organization is ordered to stop or face legal action.

BFIU Director Md Rafiqul Islam issued the directive on Tuesday.

The directive applies to all scheduled banks, financial institutions, insurance, money changers, any company or institution that remits or transfers money or value in the country, stock dealers and stock brokers, portfolio managers and merchant bankers, security custodians, asset managers, non-profit organizations or institutions.

BFIU sent the directive to private development corporations, co-operative societies, real estate developers, precious metals or stone trading firms, trust and company service providers, lawyers, notaries, other legal professionals and accountants.

Earlier on August 9, the public security division, the Ministry of Home Affairs issued a notification banning the militant organization.