Citi organises workshop on AML

Citi Bangladesh recently organised a workshop on Anti Money Laundering (AML) and Sanctions Components on Foreign Correspondent Banking Programme.
Ms. Kristine Howse, Head of Citi's ASEAN Country Cluster, facilitated the workshop attended by 60 participants. Ms. Howse, who is specialized in AML, discussed about Global Anti-Money Laundering (AML) Programme, Know Your Customer (KYC) best practices, AML examination and audits, customer due diligence, transaction monitoring, and components of a strong AML culture in terms of requirement for correspondent banking relationship.
A number of Chief AMLCO, Deputy CAMLCO, AML officials and International Division (ID) officials from different banks, non-banks and Central Bank official of Foreign Exchange Policy Department participated in the workshop. They exchanged their views and experiences with Citi's regional resource through active participation. They have emphasized on the importance of strong AML culture and strong governance structure at all levels of the organization inclusive of all stakeholders, said a statement.
Mr. Rashed Maqsood, Managing Director and Citi Country Officer for Bangladesh, in sharing his views about the event said, "Citi is committed to promoting a strong compliance culture in the financial sector of Bangladesh and is pleased to organise such workshops, through which we can share best practices from around the world and our learnings with our clients and stakeholders."