The Bangladesh Bank (BB) has launched a special drive to find out suspicious transactions having links with terrorist outfits.
The central bank initiated the move soon after the arrest of the heads of the two Islamic terrorist organisations involved in August 17 serial bomb blasts and suicide bomb attacks across the country.
The BB's Anti-Money Laundering Department (AMLD) assigned three teams to conduct investigation into three bank branches -- one each of three commercial banks -- Monday to find out suspicious transactions in the name of banned Islamist outfits.
"We have sent three probe teams to investigate the matter properly," a BB senior official told the FE Monday, adding that the central bank will take necessary action after receiving the reports of these teams.
Sources, however, said a probe team started its investigation into alleged suspicious transactions by the Pallabi branch of Rupali Bank in Dhaka Monday while another team went to Brahmanbaria to investigate into similar allegations against the local Janata Bank branch.
Meanwhile, the BB's Sylhet office has already deputed a team to conduct investigation into alleged suspicious transactions at the Biswanath branch of Islami Bank Bangladesh Limited (IBBL).
The IBBL branch manager has already been detained suspecting his links with the banned Islamic outfit, the Jamaatul Mujahideen, Bangladesh (JMB).
"We have identified the bank branches on the basis of information from different sources, including press reports," the BB official said, adding that the probe teams would be looking into the matter in line with the provisions of the existing Anti-Money Laundering Act.
The probe teams will securitise different issues, including funds movement of the bank branches to find out the recipients and senders of the huge amount of funds.
Besides, the probe teams will look into the compliance aspects of some major rules and regulations, including cash transaction reports (CTRs), know your customer (KYC) and transaction profile reports of the bank branches, the sources added.
Under the existing Anti-Money Laundering Act, the banks will have to inform Anti-Money Laundering Department of the central bank instantly if it detects any suspicious transaction.
Most of the banks are unwilling to submit suspicious transaction reports (STRs) properly because of such reports would affect their relations with clients, sources in the banking sector said. They said the banks often refrain from sending the reports to avoid possible harassment.
Earlier, the central bank took a move to identify the financial transactions of top three leaders of the banned Jamaatul Mujaheedin, Bangladesh (JMB) and Jagrata Muslim Janata Bangladesh (JMJB).
Three leaders are: JMJB Chief Siddiqul Islam alias Bangla Bhai, the JMB Chief Shaekh Abdur Rahman and his brother Maulana Obidur Rahman.