The central bank has already ordered banks to freeze the accounts of Evaly top brassThe Bangladesh Bank will investigate the financial transactions and other e-commerce activities of e-commerce platform Evaly. Confirming the matter, Abu Hena Razee Hasan, head of Bangladesh Financial Intelligence Unit (BFIU), said the bank accounts of Evaly and its top executives had been frozen after the media reported on the e-commerce plarform’s alleged illegal activities. The BFIU, an arm of the central bank, directed all commercial banks and financial institutions to freeze all bank accounts operated by the top executives of Evaly, through a letter issued on Thursday. The central bank found that several entities, especially e-commerce firms, have been illegally operating as PSPs and PSOs without obtaining the required licence from Bangladesh Bank. Bangladesh Bank officials said Evaly had violated that provision, which is why it will be investigated.

Source: Dhaka Tribune August 28, 2020 11:48 UTC