The central bank, issuing a notification on Wednesday, urged expatriates to send money through the banks, reminding them of legal consequences for using illegal means to conduct cross-border transactions.
“Please contribute to nation-building efforts and keep your loved ones safe and free from risks,” it said, adding that sending money through so-called Hundi, an unauthorised channel, is a punishable offence and it causes loss to the country.
Bangladesh Financial Intelligence Unit was taking legal action against everyone involved with illegal channels of remitting funds, it clarified.
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