From now on, chairmen, directors, managing directors (MDs) and chief executive officers of all commercial banks in the country will have to give a written undertaking against corruption, bribery, money laundering and fraud. These pledges should be prominently displayed in their respective offices.
Bangladesh Financial Intelligence Unit (BFIU) has directed banks to ensure that these undertakings are signed off in the next meeting of their boards of directors.
Letters to this effect were sent to various banks earlier this week. The initiative comes as part of stringent measures to strengthen ethics, corporate governance, credit discipline and anti-money laundering efforts in the banking sector. A specific format has also been prescribed for the pledge.