Users aged 150: bKash queried over 7,000 suspicious accounts
Bangladesh Bank has sought an explanation from mobile money operator bKash after identifying over 7,000 suspicious accounts, some listing user ages up to 150 years.
Bangladesh Bank has detected more than 7,000 suspicious accounts on mobile financial platform bKash, uncovering forged identities, irregular transactions and user ages recorded between 100 and 150 years.
The central bank issued a formal show-cause notice under Section 37 of the Payment and Settlement Systems Act 2024, questioning why the fintech provider should not be fined for breaching Know Your Customer (KYC) rules. Officials warned that unverified mobile money accounts are increasingly exploited for illicit transactions, including illegal gambling and cryptocurrency dealing.
Central bank spokesperson Arif Hossain Khan confirmed that no financial penalty has been levied yet, stating that future regulatory enforcement will depend on whether bKash provides an adequate explanation.
Source: Zoom Bangla News
