NRBC Bank organises AI-driven AML & CFT conference

NRBC Bank PLC yesterday organised a daylong "AML and CFT Conference-2025" at a hotel in Dhaka, marking its first use of artificial intelligence (AI) to strengthen institutional capacity and raise awareness on preventing money laundering and terrorist financing.

The conference covered existing AML and CFT laws, the latest Bangladesh Bank directives, customer due diligence (KYC), transaction monitoring, preparation of Suspicious Transaction/Activity Reports (STR/SAR), and the strengthening of branch-level compliance functions.

Real-life case studies were also presented to enhance participants' practical skills, according to a press release.

Md Mofizur Rahman Khan Chowdhury, executive director of Bangladesh Bank and acting head of the Bangladesh Financial Intelligence Unit (BFIU), attended as the chief guest. He stressed the need for a strong, risk-based and sustainable compliance framework, effective coordination between branch AML compliance officers (BAMLCOs) and the head office, and timely reporting of suspicious transactions.

He said Bangladesh Bank and the BFIU would continue to provide policy guidance and supervisory support to ensure transparency and good governance.

Md Touhidul Alam Khan, managing director and chief executive officer of NRBC Bank, attended as the special guest. He said strict compliance with AML and CFT regulations is essential for effective risk management, noting that BAMLCO officials serve as the first line of defence at the branch level.

Mohammad Abdul Qaium Khan, deputy managing director and chief anti-money laundering and compliance officer of NRBC Bank, presided over the conference.

Rajib Hasan and Md Hafizur Rahman Khan, joint directors of the BFIU, along with NRBC Bank officials, also joined the event.