BFIU suspends cash out from 230 MFS accounts over transactions through hundi

Bangladesh Financial Intelligence Unit (BFIU) has suspended cash out from 230 accounts of Mobile Financial Service (MFS) for their involvement in the transfer of remittances through hundi, an unauthorised channel.

The BFIU has taken the initiative to prevent transfer of remittances through hundi and increase remittances through legal channel.

According to BFIU, the customers concerned will not be able to withdraw money from these accounts until further instructions, but money can be sent to these accounts.

The suspended accounts are with bKash, Nagad, upay, and Rocket.