Industry

Bangladesh Bank holds workshop on ‘Trust Fund cum Settlement Management’ for Nagad officials

Bangladesh Bank organized an awareness workshop for the officials of the Bangladesh Postal Department’s mobile financial service Nagad, aiming to provide an overview of the Bangladesh Bank-authorized financial institutions.

 

The workshop titled ‘Guidelines for Trust Fund Management in Payment and Settlement Services’ was led by Hafia Tazrean, Joint Director of the Bangladesh Bank’s Payment System Department which was held at a city hotel in Dhaka recently.

 

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Hafia Tazrean and Tanvir A Mishuk, Founder and Managing Director of Nagad Limited, distributed certificates to the participants at the end of the session.

 

Besides, Mohammad Aminul Haque, the Executive Director of Nagad Limited, Sheikh Aminur Rahman, the Chief Business Officer, and Md. Nurul Alam, FCS were present from Nagad Limited.

 

Postal Attaché of Postal Department Masud Khan and Additional Post Master General Al Mahbub represented the Bangladesh Postal Department during the session.

 

Tanvir A Mishuk, Managing Director of Nagad, thanked Bangladesh Bank at the end of the workshop and said, “Nagad always believes in preserving utmost transparency. We are dedicated to adhering to all Bangladesh Bank policies as the regulating authority. With this in mind, we attended the program to gain more knowledge about Trust Fund.”

 

The session was conducted to provide information about the financial institutions that have been approved by Bangladesh Bank. Hafia Tazrean, Joint Director of Bangladesh Bank, discussed digital transactions, starting from the initial commodities trade and gold exchange system to banknotes. Throughout the workshop, she emphasized the obligations and duties of non-banking financial organizations.

 

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The joint director also spoke about Nagad’s obligations as an MFS institution and how MFS business can safeguard its customers’ funds and the Bangladesh Bank’s regulations in this respect. She later discussed what a “Trust Fund” is, how it is administered, and the guidelines for utilizing the Trustcom Settlement Account.

 

Following the successful completion of the program, certificates were handed to all attendees.

 

Source: United News of Bangladesh