Brac Bank recently organised a day-long training programme on "Prevention of Trade-Based Money Laundering" for its employees.
Bangladesh Financial Intelligence Unit (BFIU) lent resources to run the training programme held on 27 February.
Former Bangladesh Bank deputy governor and Head of BFIU Abu Hena Mohd Razee Hassan inaugurated the training programme as the chief guest.
Sawkatul Alam, general manager, BFIU, was also present as special guests in the programme.
AKM Nurunnabi, deputy general manager, BFIU, and Syed Kamrul Islam, deputy general manager, BFIU were the key resource persons of the training.
The Head of BFIU said, "BFIU is taking stringent measures to identify threats and vulnerabilities that could undermine the integrity of the financial institutions. Hence prevention of trade-based money laundering is an important issue for all banks. BFIU is happy to extend its hands to support the banks in better understanding of the issues and reasons of suspicious transactions and activity reporting."
Selim RF Hussain, managing director and CEO of Brac Bank, said, "There is all kind of customers in a bank and a few of the not-so-honest always lurk for taking advantage of the law. Some of their transactions, exports, and imports are such that you will not be able to find an ill purpose in them."
"As the government pays special attention to this issue, continuous efforts are being made to prevent it, and trade-based money laundering laws have been enacted. Banking professionals have a lot of responsibility to ensure proper implementation of this law", he added.