Around 200 mobile financial service (MFS) accounts are being closed every day due to their involvement in illegal activities, said Bangladesh Bank Governor Abdur Rouf Talukder.
“MFS is being used for Hundi. Around 100-200 such accounts are being closed every day. Later, some accounts were opened again with sureties, and permanent action was taken against some,” he said speaking at the opening ceremony of a training workshop at the Police Criminal Investigation Department (CID) headquarters on Monday (11 March).
“Major money laundering cases occur in over-invoicing. Again, money laundering occurs despite keeping the profit of export products abroad. Initiatives are being taken to prevent that,” he added.
“Despite a small fraction of transactions, when money changers hike the dollar rate by Tk2, many expatriates hold on to remittances. This is how the dollar crisis was created. That is why the campaign against money changers is ongoing,” the central bank governor said.
He also advised people to avoid dealing in cryptocurrencies.
“It is completely illegal in our country,” he added.