BFIU asks banks to freeze accounts of Union Bank MD Mokammel

The Bangladesh Financial Intelligence Unit (BFIU) has asked banks to freeze the accounts of ABM Mokammel Hoque Chowdhury, managing director of Union Bank, and his wife.

The anti-money laundering agency sent the directive on Tuesday to all banks and financial institutions in the country.

As per the letter, bank accounts of their related private entities will also come under the directive, BSS reports.

The accounts will be frozen for 30 days.

The BFIU also asked banks to submit all transaction records and vouchers over Tk 500000 of the Union Bank MD within the next two business days.