Thrust on having clear conception about money laundering
Wednesday, 12 December 2007
FE Report
The Nilphamari branch of Pubali Bank Limited organised a workshop on "Money Laundering Prevention" to develop awareness among officials of the Pubali Bank branches in the district.
General Manager of Bangladesh Bank, Rangpur Abdus Sattar was present as the chief guest while General Manager of Audit Division, Pubali Bank Ltd. Mirza Ali Insaf presided over the workshop held at the local Circuit House.
Abdus Sattar in his speech dwelt on the main features of money laundering prevention. He said the Money Laundering Prevention Act 2002 was enacted to prevent the illegal and malafide transactions. Banks and financial institutions under the overall supervision of the central bank are implementing the above act, he added. He urged the bank officials to provide correct and complete information relating to opening of bank accounts, transfer of funds and identification of customers.
He further said in the competitive global banking arena all bank officials should have a clear conception about money laundering to become a successful banker.
In his short speech Mirza Ali Insaf advised the officials to be more vigilant in handling credit and documentation relating to credit sanction and disbursement.
DGM of Pubali Bank Ltd (Internal Control and Compliance Division) Md Sayeed Sikder, Regional Manager of Pubali Bank Ltd, Rangpur and DGM Abu Taher Chowdhury and AGM of Sonali Bank Ltd, Nilphamari region Md Shahidul Islam were also present at the event.
The Nilphamari branch of Pubali Bank Limited organised a workshop on "Money Laundering Prevention" to develop awareness among officials of the Pubali Bank branches in the district.
General Manager of Bangladesh Bank, Rangpur Abdus Sattar was present as the chief guest while General Manager of Audit Division, Pubali Bank Ltd. Mirza Ali Insaf presided over the workshop held at the local Circuit House.
Abdus Sattar in his speech dwelt on the main features of money laundering prevention. He said the Money Laundering Prevention Act 2002 was enacted to prevent the illegal and malafide transactions. Banks and financial institutions under the overall supervision of the central bank are implementing the above act, he added. He urged the bank officials to provide correct and complete information relating to opening of bank accounts, transfer of funds and identification of customers.
He further said in the competitive global banking arena all bank officials should have a clear conception about money laundering to become a successful banker.
In his short speech Mirza Ali Insaf advised the officials to be more vigilant in handling credit and documentation relating to credit sanction and disbursement.
DGM of Pubali Bank Ltd (Internal Control and Compliance Division) Md Sayeed Sikder, Regional Manager of Pubali Bank Ltd, Rangpur and DGM Abu Taher Chowdhury and AGM of Sonali Bank Ltd, Nilphamari region Md Shahidul Islam were also present at the event.