BRAC Bank hosts AML conference on contemporary risks and challenges for its officials

BRAC Bank organised an Anti-Money Laundering (AML) Conference on the theme ‘Contemporary Risks & Challenges’ to enhance awareness and understanding of AML-related issues among its officials.

The conference is part of the bank’s ongoing initiatives to keep its colleagues informed and up to date with the latest regulations and best practices of anti-money laundering and combating the financing of terrorism (CFT), according to a media release. 

AFM Shahinul Islam, Head of Bangladesh Financial Intelligence Unit (BFIU), attended the conference as the Chief Guest.

Tareq Refat Ullah Khan, Managing Director & CEO (Current Charge); Chowdhury Moinul Islam, Deputy Managing Director & CAMLCO, BRAC Bank, along with approximately 180 senior officials of the bank, attended the day-long conference held at a hotel in Dhaka on July 19, 2025.

Shadril Ahmed, Additional Director, BFIU, conducted a session on “Current trends of fraud forgeries including Online Gambling, Betting, Gaming, Trading of Cryptocurrency & FX”.  Md. Mosharrof Hossain, Joint Director, BFIU, conducted sessions on “Risk and Impact of Trade Based & Credit Backed Money Laundering, Typologies and Trends” and “AML & CFT System Check Inspection and Rating”.

Addressing the conference, A F M Shahinul Islam, Head of BFIU, said, “Bankers must remain vigilant to ensure that criminals do not misuse the banking channels. It is imperative to maintain strict compliance with both local and international regulations, including those issued by the BFIU on AML and CFT. By ensuring proper KYC, conducting regular monitoring of customer transactions, and submitting regulatory reports accurately and on time, the risks of money laundering and terrorist financing can be effectively mitigated.”

Commenting on the bank’s strong emphasis on the prevention of money laundering issues, Tareq Refat Ullah Khan, Managing Director & CEO (Current Charge), BRAC Bank; said, “AML compliance is not merely a regulatory requirement, it is the very foundation of trust that our customers, regulators, and society place in us as a financial institution. Every day, we process transactions and serve individuals and businesses who rely on us to uphold the highest standards of financial integrity. When we strengthen our knowledge of AML, we don’t just strengthen our bank, we help safeguard the entire financial system.”

“As part of our ongoing commitment to capacity building, BRAC Bank has launched a weeklong AML Awareness Campaign across the organisation. The initiative aims to deepen understanding, strengthen internal capabilities, and reinforce our dedication to excellence in AML compliance. Through these efforts, we aspire to set a benchmark in the industry and become a role model in Anti-Money Laundering practices,” he added.