BRAC Bank’s Board engages with BFIU to strengthen AML-CFT oversight

BRAC Bank has organised an Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) awareness session for its Board of Directors and senior management, reiterating the bank’s commitment to strong regulatory oversight and compliance at the highest level.

Md. Mofizur Rahman Khan Chowdhury, Executive Director & Head of the Bangladesh Financial Intelligence Unit (BFIU) Current Charge, and Ms. Juairia Haque, Joint Director, BFIU, facilitated the session at bank’s Head Office in Dhaka on December 29, 2025, according to a media release. 

BFIU officials underscored the importance of a strong “tone from the top” culture, highlighting that active engagement by the Board and senior leadership is essential to embedding an effective AML and CFT control framework across the organisation. The discussion emphasised leadership accountability, risk-based decision-making, and sustained vigilance in addressing evolving financial crime risks.

The programme aimed to deepen board-level understanding of AML and CFT regulatory expectations, strengthen oversight responsibilities, and reinforce senior management's role in fostering a robust compliance culture across the bank.

Meheriar M. Hasan, Chairperson; Faruq Mayeenuddin Ahmed, Vice Chairperson; Salek Ahmed Abul Masrur, Independent Director & Chair of the Board Risk Management Committee; and Chowdhury MAQ Sarwar, Independent Director & Chair of the Board Audit Committee, attended the session. Other Board members, including Dr. Zahid Hussain, Farzana Ahmed, Lila Rashid, and Anita Ghazi Rahman, were also present, along with Tareq Refat Ullah Khan, Managing Director & CEO, and members of the senior management.

Md. Mofizur Rahman Khan Chowdhury emphasized the critical oversight roles of the Board of Directors and senior management in preventing money laundering and terrorist financing.

He highlighted the importance of leadership accountability, risk-based decision-making, and sustained vigilance in addressing emerging financial crime risks.

He also highlighted the challenges the banks are currently facing and pointed out governance failure as one the major reasons behind such ominous situation, the release adds.