BB to probe transactions, e-commerce activities of evaly
Published: 06:10 PM, 28 August 2020 Updated: 07:57 PM, 28 August 2020
Bangladesh Bank will investigate the financial transactions and other e-commerce activities of digital commerce platform evaly.
Abu Hena Razee Hasan, head of the Bangladesh Financial Intelligence Unit (BFIU), told reporters on Friday that the bank accounts of evaly and its top executives were frozen for the next 30 days under the Money Laundering Prevention Act 2019 after seeing media reports about their illegal activities.
The BFIU on August 27 directed all commercial banks to freeze all bank accounts operated by top executives of evaly.
There have been media reports that evaly has been running the business offering its customers unusual cashback like 100 percent or 150 percent on advance payment for a product.
According to e-commerce business experts, no firm can give 100 percent or more cashback against purchase of a product. It was alleged that when a customer deposited money to buy a product, evaly took much time to supply the product.
On March 5, the central bank asked all scheduled banks not to provide any banking services or transactions facility to unlicensed payment service providers (PSP) and payment system operators (PSO).
The banks were also asked not to provide payment gateways or merchant aggregation services to the illegal PSPs and PSOs.