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The role of chief information officer was first defined [1] in 1981 by William R. Synnott, former senior vice president of the Bank of Boston, and William H. Gruber, a former professor at the Massachusetts Institute of Technology Sloan School of Management. [2] A CIO will sometimes serve as a member of the board of directors.
Bangladesh Financial Intelligence Unit (BFIU), a department of Bangladesh Bank, is a member FIU of the Egmont Group of Financial Intelligence Units. Bangladesh Bank is the first central bank in the world to introduce a dedicated hotline (16236) for people to complain about any banking-related problem. [4]
The Government agencies in Bangladesh are state controlled organizations that act independently to carry out the policies of the Government of Bangladesh. The Government Ministries are relatively small and merely policy-making organizations, allowed to control agencies by policy decisions.
The unit was founded as the Anti-Money Laundering Department of Bangladesh Bank in June 2002. The name of the department was changed to Bangladesh Financial Intelligence Unit on 25 January 2012 through the Money Laundering Prevention Act, 2012. [4] Asia/Pacific Group on Money Laundering recommended the government to form the unit. [5]
Offshore Banking Operation (OBO) was first introduced by Bangladesh Bank in 1985 through a circular for allowing active foreign financing at Export Processing Zones (EPZs). Banks operated the services with Bangladesh Bank approval without any separate law for an offshore banking system until the enactment of the Offshore Banking Act, 2024.
The Financial Institutions Division (Bengali: আর্থিক প্রতিষ্ঠান বিভাগ) is a Bangladesh government division under the Ministry of Finance responsible for managing all state owned banks, financial institutions, and stock exchanges. [1] [2] Md. Sheikh Mohammad Salim Ullah is the head of the division. [3]
The Information and Communication Technology Division (Bengali: তথ্য ও যোগাযোগ প্রযুক্তি বিভাগ), abbreviated to ICT Division, [1] is a Ministerial Division of the Ministry of Posts, Telecommunications and Information Technology of the executive branch of the Government of Bangladesh. [2] [3] [4]
The Economic Relations Division (ERD) is one of the four divisions of the Ministry of Finance, of the Government of the People's Republic of Bangladesh. The other three divisions of the Ministry of Finance are: Finance Division, Bank and Financial Institutions Division, and Internal Resources Division. [1]