REQUIREMENT TO SUBMIT FORM QA-22 FOR ACCOUNTS OF FOREIGN NATIONALS RESIDENT IN BANGLADESH. REF: FEPD CIRCULAR NO. 15 DATED 24.03.2014.
Please refer to paragraph 9, chapter 14 of the Guidelines for Foreign Exchange Transactions- 2009 (GFET), Vol-1 in terms of which Authorized Dealers (ADs) should, while opening the accounts of resident status, obtain undertaking on Form QA-22 in duplicate from account holders or authorized account operating persons in Bangladesh and forward a copy thereof to Bangladesh Bank.
It has now been decided that ADs should obtain Form QA-22 in original and preserve the same in the respective account opening files. Hence, they are not required to obtain Form QA-22 in duplicate for submission to Bangladesh Bank.