BB asks MFS providers to monitor transaction during public exams

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Small transactions through mobile banking will come under scrutiny during public examinations to prevent question paper leaks. 

Bangladesh Bank asked the mobile financial service providers to strengthen monitoring on money transactions through their platforms between the period of one week before the start of public examinations and the end of the examinations. The decision came to prevent question paper leak during the public examination.

The central bank issued a circular in this regard on Thursday (Janaury 23) in line with a decision made at a recent inter-ministerial meeting in presence of education minister Dipu Moni.

The circular said that mobile financial services under the mobile financial service providers and E-Wallet services under the payment service providers must strengthen their monitoring on repeated small transactions (Tk 200 – Tk 2,000) before one week of the start of all public examinations including JSC, JDC, SSC, HSC, vocational, diploma and equivalent examinations till the end of the examinations.

If the service providers detect any suspicious transaction, they must inform the law enforcement agencies about the transaction, the circular said.

The BB asked the financial service providers to inform their agents, distributors and clients about the central bank’s directive and suggested that they should take necessary measures in line with the order.

Currently, 26 banks provide mobile financial services in the country while I-pay and Dmoney provide e-wallet service.  

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