The Bangladesh Bank on Tuesday issued a directive for the non-governmental organisations asking those to establish complacence units to prevent money laundering and terror financing. The directive said all NGOs would have to establish a central complacence unit in their head offices and that would have to be under direct supervision of the chief executive officers of the respective organisations. It also said the NGOs would have to keep record of their beneficiary and transactions at least for five years for those who either received Tk 20,000 as grant in a year or who received Tk 1,00,000 as loan under microcredit schemes. The BB directive also said the NGOs would have to use banking channel for transaction of Tk 1,00,000 or above, otherwise, they would have to take permission from their own regulator. The NGOs should prioritise transactions through banks as much as possible. The NGOs cannot receive donation from any person or entity that have been listed by the UN Security Council or Bangladesh government for terror financing, it also said. The BB directive said the foreign branches of the local NGOs would have to maintain their bank accounts with approval of the principle organisations and principle organisations would have to keep the records. The local NGOs cannot send aid to the foreign NGOs which are not registered in their respective countries. In case of a foreign NGOs which are registered in their respective countries but not under government supervision, the local NGOs will have to perform enhanced due diligence. The BB directive said when receiving foreign fund the local NGOs would have to take clearance from their regulator and would have to enhance due diligence when receiving fund from high-risk listed countries.