Nagad, the mobile financial wing of Bangladesh Post Office, has handed 13,000 accounts information to Bangladesh Financial Intelligence Unit (BFIU), Bangladesh Telecommunication Regulatory Commission (BTRC) and Rapid Action Battalion (RAB). They are regulatory and law enforcement authority respectively.
To combat the evil intention, Nagad sought the cooperation of the regulator and law authority.
Some unusual transactions were observed in some Nagad accounts affiliated with controversial e-commerce platforms. Those accounts and transactions were suspended temporarily and an official complaint was lodged with the Counter Terrorism and Transnational Crime (CTTC).
Nagad and other MFSs and several banks banned transactions for 10 e-commerce platforms, including Evaly, Alesha Mart, Dhamaka, E-orange, Sirajganj Shop, Aladiner Prodip, Qcoom, Boom Boom, Adyen Mart, and E-needs.
The distrustful accounts made very unusual transactions like 50 payments to these mentioned e-commerce sites against product orders in a day, payment by one but refund to other accounts, several payments, and refund in a day, etc.