Any cash transaction of more than Tk five lakh per day through banks, financial institutions or non-banking financial institutions will now come under the central bank’s intelligence monitoring to detect corrupt businessmen and clue to any terror financing. Banks, insurance and leasing companies, courier services, the post office, non-government organisations, microfinance institutions, and cooperatives will come under the BB monitoring following detection of huge tax evasions and incidents of corruption in recent times.

A software package styled ‘12 analysts notebook’ has recently been installed at the Financial Intelligence Unit of the anti-money laundering department of the BB for the purpose. The US government has provided this analysis software to the central bank to deal with economic corruption and money laundering and detect networks of terror financing.

The US government has also provided a consultant, Catherine Anne Kara, who joined the unit last week, to develop the procedure of its intelligence activities. The banks and other institutions have also been asked to furnish the BB with their latest statements of all transactions of more than Tk five lakh made in a day.

Bankers, however, said the latest directives of the BB along with the planned intensive scrutiny by the FIU would push the banks and commercial institutions into a very frazil situation. The FIU also will deal with the suspicious transaction reports of banks and other institutions.