What are the Irregularities that may happen while releasing Foreign Currency for Travel Purpose?

Answer:

·        Release FC more than usual travel quota.

·        Release FC without verifying the utilization of earlier issued FC.

·        To issue FC without client or not sufficiently known customer

·        To issue FC against unconfirmed air ticket.

·        To endorse FC on PP and air ticket without indelible ink or embossing.

·        To issue FC against invalid PP.

·        Failure of retaining photocopies of first 6 pages of PP and the page recording endorsement of FC.

·        Failure of retaining photocopies of pages of ticket showing name of passenger, route and date of journey.

·        Issuance of FC in cash more than approved amount issued by Bangladesh Bank Circular from time to time in a calendar year without approval of BB.

·        Failure to retain copy of TM Form for verification purpose.

·        Issuance of full adult quota for minor passenger.