Monday, 18 October, 2021

Law to check e-commerce frauds not likely soon

  • Staff Correspondent
  • 6 October, 2021 12:00 AM
  • Print news
Law to check e-commerce frauds not likely soon

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Enactment of a new law and formation of a regulatory body to check frauds in the e-commerce sector might not be possible anytime soon, hinted a commerce ministry official on Tuesday.

Instead, the government may update existing laws dealing with consumer rights to stave off e-commerce frauds, he added.

“Whether a new law will be formulated or an e-commerce authority will be formed will be known in a month after the sub-committee formed in this regard submits its recommendations,” said Additional Commerce Secretary AHM Shafiquzzaman after holding the first meeting of the committee on Tuesday.

In the wake of the recent e-commerce scams, the government on September 28 formed a 16-member sub-committee with Shaifiquzzaman at its convener to explore the possibilities for a new law and regulatory body for the e-commerce sector.   

The committee chief said it will submit its recommendations after meticulous scrutiny of different aspects of the pressing issue.

At present, Bangladesh has laws like National Consumer Rights Protection Act, Competition Commission Act and Digital Security Act to protect consumer rights.

Even it could happen that the existing laws will be amended with the addition of new sections or sub-sections. Besides, forming an authority takes much time as it involves public administration ministry and finance ministry, Shafiquzzaman told reporters.

“It might not be possible to form the authority anytime soon. But we’ll strengthen digital commerce cell and the cell will be provided with technological support,” he stated.