Bangladesh Bank

Department of Foreign Exchange Inspection   gm.dfei@bb.org.bd

Name & Designation Email Telephone Fax
A.K.M Sajedur Rahman KhanDeputy Governor880-2-9530417880-2-9530479
Md. Shafiqul IslamExecutive Director880-2-9530472
Md. Abdul HasibGeneral Manager(G)880-2-951185147116811

Department of Foreign Exchange Inspection (DFEI) was established on 26-07-2012. The main objective of the department is to conduct inspections on Foreign Exchange and Foreign Trade related activities of AD (Authorized Dealer) branches, Foreign branches of Bangladeshi banks, Bangladeshi exchange houses working abroad and Off-shore Banking Units of scheduled banks. DFEI carries out inspections on Foreign Exchange Risk Management on head offices of all scheduled banks. The department also inspects the activities of money changers. The department directs its efforts to identify irregularities and risks in foreign exchange transactions and makes suggestions to regularize them.

1. Scheduled Banks

    The foremost activities accomplished on all scheduled bank by the department include:
  1. On site comprehensive inspection on Authorized Dealer (AD) branches (including new AD) and Off-shore Banking Units of all scheduled banks.
  2. Both on-site and off-site comprehensive inspection on Foreign exchange Risk Management of all scheduled banks.
  3. Comprehensive/Special inspection program on Foreign branches of Bangladeshi banks and Bangladeshi exchange houses working abroad.
  4. Need-based special inspection on all scheduled banks on other subjects/complaints/ issues as per Directions of the higher authority.

    It also commits the subsequent activities on the identical area:
  1. Preparing and approving inspection reports after completing inspection within stipulated timeframe.
  2. Delivering the copy of reports to the scheduled banks and taking necessary actions about the findings of inspection reports to ensure further compliance.
  3. Preserving the important and sensitive findings of on-site inspections in the corporate memory and summarizing major findings on inspection reports and send various departments of Bangladesh Bank as per their requirements.
  4. Other relevant activities as required.

2. Money changers

    The following activities are essentially performed on money changers by the department.
  1. Conducting on-site comprehensive inspection on Money Changers.
  2. Performing special inspection for assessing location and infra-structure suitability/ availability of Money Changers as per requirement of Foreign Exchange Policy Department.
  3. Making surveillance on the complaints regarding unauthorized activities/dealings of Money Changers.
  4. Preparing and approving inspection reports and delivering the copy of reports to the Money Changers.
  5. Taking necessary actions about the findings of inspection reports to ensure further compliance.
  6. Other relevant activities as required.

3. Others

  1. Examining and exploring the news report published both in print and electronic media correlated in banking and financial issues.
  2. Scrutinizing and putting forward the findings to the superior authority for the kind perusal and necessary instruction
  3. Other relevant activities as per requirements.
    It carries out the following general/administrative activities also.
  1. Ensuring each and every one of the department to provide all types of logistic support.
  2. Keeping account of all accessories and staffs of all daily affairs.
  3. Preserving registers of all actions performed in the department.
  4. Submitting audit requirements on demand basis.
  5. Time to time report to the concerned department
  6. Other relevant activities as per requirements.