Speakers in a workshop organised by bKash reiterated their insistence on effective implementation of regulations on Anti-money Laundering (AML) and Combating the Financing of Terrorism (CFT) for sustainable growth of the fast-growing mobile financial services (MFS) sector.
Abu Hena Mohammad Razee Hassan, Head of Bangladesh Financial Intelligence Unit (BFIU) was present as the Chief Guest at the workshop titled ‘Essence of AML and CFT Compliance for Sustainable Growth of MFS Sector’ organised by bKash in collaboration with BFIU and Bangladesh Bank, said a press release.
Major General Sheikh Md Monirul Islam (retd), Chief External and Corporate Affairs Officer (CECAO) and Chief Anti-Money Laundering and Compliance Officer (CAMLCO) of bKash, in his key note presentation, highlighted the actions which have been taken by bKash to comply with the regulations stipulated in the AML and CFT law.
He also defined the importance of regulatory/AML and CFT compliance that needs to be adhered to by all MFS providers to ensure sustainable growth of MFS sector.
Selim RF Hussain, Managing Director and CEO of BRAC Bank; Mohd. Humayun Kabir, Executive Director of Payment Systems Department (PSD) of Bangladesh Bank; Eskandar Miah, Executive Director of BFIU; Md. Mezbaul Haque, General Manager of Payment Systems Department of Bangladesh Bank; Sawkatul Alam, Deputy General Manager of BFIU and Kamal Quadir, CEO of bKash were also present at the virtual event.
About 175 officers of bKash, Bangladesh Bank and BRAC Bank participated in this event.
Abu Hena Mohammad Razee Hassan, Head of BFIU said that it is possible to ensure AML and CFT by following the guidelines and circulars of BFIU to prevent money laundering and terrorist financing.
Selim R.F. Hussain, Managing Director of BRAC Bank said that bKash has continued to invest heavily in the process, method and technology to ensure compliance.
Kamal Quadir, CEO of bKash said that maintaining AML and CFT compliance is the culture of bKash.
The organization constantly works to ensure sustainable growth of MFS and prioritizes AML and CFT compliance for ensuring customer safety and trust, he said.
Source: United News of Bangladesh