bKash launched ‘AML360’, an integrated Anti Money Laundering & Combating the Financing of Terrorism (AML&CFT) solution to prevent money laundering by monitoring real time transactions of channel partners including agents, distributors, merchants and aggregators.
bKash has brought such an automated solution for the first time in the country to make transactions more transparent, accountable, safe and risk-free. The AML360 solution will also make the collaboration process more dynamic among Bangladesh Financial Intelligence Unit (BFIU)) and other organizations.
This solution has been inaugurated by Kamal Quadir, Chief Executive Officer of bKash. Major General Sheikh Md Monirul Islam (retd), Chief External & Corporate Affairs Officer of bKash was present at the inauguration ceremony along with other senior officials of bKash.
Saber Sharif, Head of AML&CFT of bKash briefed the audience about the features of the new solution.
Major General Sheikh Md Monirul Islam (retd), Chief External & Corporate Affairs Officer of bKash said, “bKash is relentlessly working to ensure regulatory compliance with the help of latest technology. We are pledge bound to follow the guidelines of BFIU and other concerned authorities to prevent money laundering in Bangladesh. The AML360 solution is another milestone of bKash initiatives. We believe, this solution will help bKash to implement AML&CFT more efficiently in the days to come.”