Branch managers’ confce on money laundering risks held

The Association of Anti-Money Laundering Compliance Officers of Banks in Bangladesh (AACOBB), in collaboration with Bangladesh Financial Intelligence Unit (BFIU), arranged a daylong branch managers' conference on "emerging money laundering, terrorist financing & proliferation financing risk and trend" in Chasara of Narayanganj recently.

Mohammad Ziaul Hasan Molla, chairman of the AACOBB and deputy managing director and CAMLCO of Bank Asia, presided over the programme, where Md Masud Biswas, head of the BFIU, and Md Rafiqul Islam, director, were present as chief and special guests, said a press release. 

Kamal Hossain, additional director of the BFIU, and Mohammad Omar Sharif, joint director, led the conference's working session on trade-based money laundering (TBML), laundering of loan fund and abuse of e-commerce transactions.

The head of the BFIU along with the chairman of AACOBB have committed to organising similar conferences for branch managers in other districts.

The executive committee members of the AACOBB and 126 branch managers from different banks operating in Narayanganj City Corporation participated in the conference.