August 17, 2023 7:48 AM

Bangladesh Bank strictly asks top bankers to prevent under-invoicing

Bangladesh Bank Governor Abdur Rouf Talukdar on Wednesday issued strict instructions to all banks to prevent under-invoicing and asked them to enhance their monitoring efforts to curb hundi transactions. The governor conveyed these instructions during a meeting with the managing directors of all banks operating in the country on Wednesday in Dhaka, according to Bangladesh Bank Spokesperson Mezbaul Haque. The Governor conveyed that under-invoicing and an informal cross-border money-tra...