Dhaka, May 28 -- Amid a concerning rise in online gambling and its associated societal decay and criminal activities, the Bangladesh Bank has taken a firm stance to curb these illicit practices.

The Payment Systems Department of Bangladesh Bank on Wednesday issued a directive instructing all banks and financial institutions in the country to increase surveillance on online gambling-related transactions.

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The directive emphasises the need for regular monitoring to identify any merchants or customers involved in online gambling. The regulatory body has also suggested leveraging Artificial Intelligence (AI) technology for this purpose.

Furthermore, the directive states that ...