Bangladesh Bank, bKash organise joint workshop on AML & CFT

April 25, 2015

bKash Limited in association with Bangladesh Bank today organised a day long workshop on ‘Anti-Money Laundering and Combating the Financing of Terrorism (AML & CFT)’ for the senior officials of the company to create awareness on the issue.

M. Mahfuzur Rahman, Executive Director and Deputy Head of Bangladesh Financial Intelligence Unit (BFIU) of Bangladesh Bank inaugurated the workshop as the chief guest.

A total of 65 bKash officials participated in the workshop held at Long Beach hotel in the city.

4 (four) topics were presented at the workshop by Bangladesh Bank and bKash officials highlighting various aspects of AML & CFT laws and its implementation in the banks and financial institutions.

Prajna Paramita Saha, Deputy Director of Payment Service Department (PSD) of Bangladesh Bank made a presentation on, ‘Mobile Financial Services (MFS): An overview on policy and current scenario’ while Md Rashed, Deputy Director, BFIU of Bangladesh Bank gave another presentation on ‘Significance and applicability of AML and CFT Related Laws, Rules, Regulations in MFS’.  

Major General (Retd) Sheikh Md. Monirul Islam, Chief External and Corporate Affairs Officer (CECAO) and Chief Anti-Money Laundering and Compliance Officer (CAMLCO) of bKash Limited in his presentation on   ‘Making MFS AML and CFT Compliant- a bKash perspective’ highlighted the actions bKash Limited had taken so far to comply with rules and regulations stipulated in the AML and CFT law.

Captain (Retired, Bangladesh Navy) Saber Sharif, Head of Corporate Affairs and DCAMLCO of bKash Limited made a presentation on ‘Preventing ML and TF, a bKash perspective”.

Addressing the workshop, M. Mahfuzur Rahman, praised bKash for organising such workshop which he said would help the participants to understand the importance of implementing  AML and CFT laws to monitor, detect and report  any suspicious transactions.

Kamal Quadir, Chief Executive Officer of bKash said bKash has appointed around 100 compliance officers who are working in the field level to ensure bKash runs its services in a compliant manner. 

He also said bKash would gradually train up all of its employees on AML and CFT law.

Launched in 2011, bKash, which provides complete mobile financial services to common people, is a joint venture of BRAC Bank, US based Money in Motion, World Bank’s private sector investment arm International Finance Corporation and Bill and Melinda Gates Foundation.