1.Bangladesh bank (BB) doesnt give permission to any foreign remittance company straightway, rather it gives permission to any commercial bank in BD to establish remittance business relationship with foreign remittance comapny.During processing of giving permission the BB ask for a comment from its Foreign Mission Office.Foreign Mission Office has great and important role to give appropriate comment. 2.It is usually mentioned in this permission letter of BB that from which country remittance will come.3. Perhaps above 3 remittance companies have taken permission from BB to send remittance from UAE. In UK they have branches and they send money to its HO in UAE and from UAE its HO send money again to Bangladesh. 4.As the branches send money to UAE from UK, they have to take permission from UK govt. and remittance should be in complaince with MLR in UK.
khoborpathokJul 15, 2007
1.Bangladesh bank (BB) doesnt give permission to any foreign remittance company straightway, rather it gives permission to any commercial bank in BD to establish remittance business relationship with foreign remittance comapny.During processing of giving permission the BB ask for a comment from its Foreign Mission Office.Foreign Mission Office has great and important role to give appropriate comment. 2.It is usually mentioned in this permission letter of BB that from which country remittance will come.3. Perhaps above 3 remittance companies have taken permission from BB to send remittance from UAE. In UK they have branches and they send money to its HO in UAE and from UAE its HO send money again to Bangladesh. 4.As the branches send money to UAE from UK, they have to take permission from UK govt. and remittance should be in complaince with MLR in UK.