NBR, BB launch digital interconnection to streamline customs, combat money laundering

BSS
Published On: 07 Apr 2026, 19:24

DHAKA, April 07, 2026 (BSS) - In a decisive move toward establishing a digital-first trade regime, the National Board of Revenue (NBR) and Bangladesh Bank (BB) have officially launched a real-time digital interconnection between the Foreign Exchange Transaction Management System (FxTMS) and the Asycuda World system. 

This strategic integration marks the end of manual commercial invoice verification, transitioning the nation's customs framework into a modernized, transparent, and data-driven ecosystem.

The interconnection was formally inaugurated today by Md Abdur Rahman Khan FCMA, Chairman of the NBR and Secretary of the Internal Resources Division, at an event at the Revenue Bhaban in the city, said a press release.

 The joint initiative, which represents a high-level synergy between the NBR, the central bank, and all commercial banks, follows the successful completion of the User Acceptance Test (UAT). 

The system's piloting phase commenced on April 7, 2024, signaling a rigorous transition toward full-scale digital integration in the country's port operations.

The integration of the FxTMS and Asycuda World systems streamlines international trade by replacing manual, paper-based processes with real-time digital verification, which enhances operational efficiency, protects national revenue, and combats Trade-Based Money Laundering (TBML) through standardized data originating from commercial banks.

As a direct consequence of the successful pilot phase, the NBR is set to implement the mandatory inclusion of digital commercial invoices within the Bill of Entry. 

This institutional milestone, supported by the mandatory cooperation of all commercial banks, represents a significant leap toward the "Paperless Customs" vision.

 This initiative is expected to fundamentally transform Bangladesh's trade environment, fostering greater ease of doing business and aligning the nation with international customs standards.

  • Latest
  • Most Viewed
Hong Kong firm lodges arbitration against Maersk over Panama ports takeover
Crude prices plunge, stocks surge as US and Iran agree ceasefire
Trump threat against Iran's civilian infrastructure not 'appropriate': Australian PM
NATO chief set for Trump talks as US-Iran truce begins
War in the Middle East: latest developments
Projectiles kill seven in Iraq, including child
Middle East war: global economic fallout
Iraqi armed group releases US journalist
Oil plunges, Asia stocks soar after US, Iran ceasefire
Israel says missiles fired by Iran as Trump pauses attack
১০