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Update sacked bank officials’ info with BB’s database

Published : Tuesday, 17 September, 2019 at 12:00 AM  Count : 125
Business Correspondent

Bangladesh Bank on Sunday asked all commercial banks to regularly update BB's database with information on bank officials sacked from their jobs for involvement in corruption, irregularity and immorality.
The central bank in a circular issued on Sunday said information about punishment of bank officials need to be stored in the BB's database 'Corporate Memory Management System' (CMMS) earlier launched in 2015 on instruction of the prime minister as part of National Integrity Strategy.
It said that the information like name, father's name, mother's name, date of birth, national identity number, passport number, permanent address and the date of dismissal of sacked officials must be uploaded with CMMS by authorised BB officials.
The banks have been instructed to update such information with CMMS database at the central bank within three days of dismissal of any of their officials with proof of punishment.
In the event of relaxation or waiver from the punishment by any court or any competent authority, the banks also have been instructed to immediately inform the central bank to facilitate the removal of the individual's name and information from CMMS database.
The BB said banks must verify information of the database with CMMS before appointing any officials with previous work experience in the banking sector.
BB officials said that preserving the database of persons previously sacked for involvement in corruption, fraud and immoral acts would allow the central bank to prevent engagement of those individuals in any other banks and financial institutions.

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