There is no point of argument.
To Nasim15,
DO Not Warn or confuse anyone without Knowing anything !
Besides, Which part of my reply you did NOT understand? I am always ready to let ignorant people know the things they ignore.
My Friend worked in that bank and the answered reflected his reply.
BRAC bank has no branch of its own in Canadian soil like Standard Chartered, HSBC, CITI NA etc.
what they have is a bank account with any of the Canadian banks, like Bank of Montreal, Scotiabank, The Royal Bank, CIBC, TD (canada Trust). When someone like RPN goes to BRAC Bank in Dhaka, they give you two things, one for the info about the money to be sent and another is the remittance permission form for BD Central Bank. So upon filling up those forms BRAC bank issue a DD and an order is requested to their bank in Canada where they have an account, money is debited from there. I personally dont see anything wrong has been done when the DD was made from BRac bank.
No matter how state of the art SWIFT you use, money cant leave BD for its strict money laundering and outbound remittance policy- that is the possible permission of BD Central Bank. As I said earlier, sometimes they block it if suspicion is detected even after the money has left BD.
I personally have seen during my attachment with banking industry that many of the such DD's have been refused by the BD Central bank for fraudulent and money laundering suspicion.
