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BB seeks clarification from 49 banks
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Dhaka, Bangladesh, Oct. 27 -- The central bank of Bangladesh has sought explanation from 49 banks for the alleged harassment of their customers in opening fresh accounts, officials said.
The Bangladesh Financial Intelligence Unit (BFIU) of central bank has been informed that banks harass customers in the name of KYC (know your customer) form while opening new accounts.
The BFIU has found 10-page to 31-page account opening form instead of the officially prescribed five-page uniform accounting opening form and KYC profile form.
The 49 banks out of 57 have provided a booklet containing different forms, including the conditions on the operating account, application for cheque book, KYC and application for debt or credit cards to the custom...
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