The central bank has ordered mobile financial service provider bKash to suspend activities of 2,887 agents for breaching money laundering and terrorism financing laws.
The Bangladesh Financial Intelligence Unit (BFIU), the anti-money laundering wing of the Bangladesh Bank, gave the order yesterday.
Details of some of the accounts were sent to law enforcers for further probe and legal actions, said the order.
The BFIU decision was based on information about transactions of money generated from criminal activities.
The activities include taking ransom, financing militancy, and transferring foreign remittance through informal channel, popularly known as hundi.
The BFIU also took into account the irregularities the central bank had unearthed, findings of a research on the fall of remittance, information from bKash, media reports, various complaints and information from different law enforcing and intelligence agencies.
A BFIU senior official said bkash was instructed to suspend activities of agents who breached laws.
Besides, a number of agents were operating more than one account. Instructions have been given to suspend 1,863 accounts as an agent cannot have multiple accounts, the official added.
The BFIU would also look into anomalies in operations of other mobile financial service providers.
Shamsuddin Haider Dalim, head of corporate communications at bKash said he had not received the copy of the order from the BFIU as of yesterday evening.
“We always comply with BFIU directions. It is a continuous process,” he told The Daily Star.
Launched in 2011, bKash is the largest mobile financial service provider in the country.
The BFIU initiative is part of the government efforts to curb hundi and increase the flow of remittance through banking channels.