BB warns banks against import from sanctioned countries

BB warns banks against import from sanctioned countries

The Bangladesh Bank has issued a warning to all banks, urging them to stay alert regarding the import of products from supplier countries that have global sanctions.
Authorised dealer branches of the banks and their central trade processing units have been advised to exercise caution in importing products from the sanctioned supplier nations, said sources, citing an internal document issued by the central bank.
It also requested verification of whether the supplier country is under international restrictions. Because, transactions in these countries are risky for global banks.