Abu Sazzad :
Bangladesh Bank (BB) Deputy Governor Abu Hena Mohd. Razee Hassan called upon all banks to strictly follow the Anti Money Laundering (AML) guidelines of Bangladesh Financial Intelligence Unit (BFIU) with a view to preventing illegal financial transactions.
The Deputy Governor urged the bankers to strictly follow the central bank’s guidelines and strengthen monitoring activities to make the organisations safe from the risk of terror financing.
Money laundering and terror financing is an impediment to the socio-economic development of the country. As part of international obligation, Bangladesh has taken various steps for keeping the financial sector risk-free, said Abu Hena while addressing a workshop on ‘Financial Crime Compliance for the Banks in Bangladesh’ in the city recently. Standard Chartered Bank (SCB) organized the workshop.
In the workshop, the responsibilities of the banks in context of Money Laundering, Terrorist Financing and Sanction Risks were discussed.
Bangladesh Financial Intelligence Unit (BFIU) of Bangladesh Bank also made a presentation highlighting the recent updates on Financial Crime Compliance and AML and its importance in the global context.
Managing Directors and Chief Executive Officers of different Banks along with their CAMLCOs and International Division Heads.
Abrar A. Anwar, Chief Executive Officer of Standard Chartered Bank, Bangladesh and Ali Reza Iftekhar, Chairman of Association of Bankers’ Bangladesh (ABB) were also present at the workshop.
Addressing the workshop, David Howes, Deputy Group Head of Financial Crime Compliance of Standard Chartered Bank presented on Financial Crime Compliance for Banks. He gave an overview how global banks are focusing on AML. Standard Chartered has taken a number of significant steps in support of its strategic priorities around financial crime in the recent time.
David Howes arrived in Dhaka recently for a short visit. During his stay in Dhaka, he will also meet the senior officials and stakeholders of the Bank.
Bangladesh Bank (BB) Deputy Governor Abu Hena Mohd. Razee Hassan called upon all banks to strictly follow the Anti Money Laundering (AML) guidelines of Bangladesh Financial Intelligence Unit (BFIU) with a view to preventing illegal financial transactions.
The Deputy Governor urged the bankers to strictly follow the central bank’s guidelines and strengthen monitoring activities to make the organisations safe from the risk of terror financing.
Money laundering and terror financing is an impediment to the socio-economic development of the country. As part of international obligation, Bangladesh has taken various steps for keeping the financial sector risk-free, said Abu Hena while addressing a workshop on ‘Financial Crime Compliance for the Banks in Bangladesh’ in the city recently. Standard Chartered Bank (SCB) organized the workshop.
In the workshop, the responsibilities of the banks in context of Money Laundering, Terrorist Financing and Sanction Risks were discussed.
Bangladesh Financial Intelligence Unit (BFIU) of Bangladesh Bank also made a presentation highlighting the recent updates on Financial Crime Compliance and AML and its importance in the global context.
Managing Directors and Chief Executive Officers of different Banks along with their CAMLCOs and International Division Heads.
Abrar A. Anwar, Chief Executive Officer of Standard Chartered Bank, Bangladesh and Ali Reza Iftekhar, Chairman of Association of Bankers’ Bangladesh (ABB) were also present at the workshop.
Addressing the workshop, David Howes, Deputy Group Head of Financial Crime Compliance of Standard Chartered Bank presented on Financial Crime Compliance for Banks. He gave an overview how global banks are focusing on AML. Standard Chartered has taken a number of significant steps in support of its strategic priorities around financial crime in the recent time.
David Howes arrived in Dhaka recently for a short visit. During his stay in Dhaka, he will also meet the senior officials and stakeholders of the Bank.
