Premier Bank holds workshop on money laundering
Thursday, 20 March 2008
FE Report
In order to increase awareness about prevention of money laundering The Premier Bank Ltd organised a workshop on 'Prevention of Money Laundering' at Premier Bank Training Institute at Banani in the city Saturday.
Managing Director of the Bank Khondker Fazle Rashid inaugurated the workshop, said a press release.
Speaking at the workshop, the Managing Director said money laundering was a burning issue especially in the banking sector in our country.
He said immoral people try to take advantage of the banking system to launder money earned in illicit ways like evasion of tax, illegal border trade and counterfeit currency.
He advised the officers to understand and follow meticulously the Rules of "Money Laundering Prevention Act" and create awareness among the people about the Prevention Act.
General Manager of Anti-money Laundering Department of Bangladesh Bank Mahfuzur Rahman Khan was present as the guest of honour and he elaborately discussed the Money Laundering Prevention Act 2002, promulgated by the government for prevention of money laundering.
Among the other major points in the workshop, he highlighted money laundering worldwide and the role of banks and financial institutions in anti money laundering activities.
He also sought the bankers' cooperation in combating money laundering.
In order to increase awareness about prevention of money laundering The Premier Bank Ltd organised a workshop on 'Prevention of Money Laundering' at Premier Bank Training Institute at Banani in the city Saturday.
Managing Director of the Bank Khondker Fazle Rashid inaugurated the workshop, said a press release.
Speaking at the workshop, the Managing Director said money laundering was a burning issue especially in the banking sector in our country.
He said immoral people try to take advantage of the banking system to launder money earned in illicit ways like evasion of tax, illegal border trade and counterfeit currency.
He advised the officers to understand and follow meticulously the Rules of "Money Laundering Prevention Act" and create awareness among the people about the Prevention Act.
General Manager of Anti-money Laundering Department of Bangladesh Bank Mahfuzur Rahman Khan was present as the guest of honour and he elaborately discussed the Money Laundering Prevention Act 2002, promulgated by the government for prevention of money laundering.
Among the other major points in the workshop, he highlighted money laundering worldwide and the role of banks and financial institutions in anti money laundering activities.
He also sought the bankers' cooperation in combating money laundering.