NRBC Bank holds first AI-driven AML & CFT conference

FE Team | Published: December 20, 2025 23:44:59

NRBC Bank organised the "AML and CFT Conference 2025", marking the first use of Artificial Intelligence (AI) technology, to enhance institutional capacity and strengthen awareness among bank officials on the prevention of money laundering and terrorist financing.
The daylong conference was held in a hybrid format at a hotel in the capital on Saturday, says a press release.
Md. Mofizur Rahman Khan Chowdhury, Executive Director of Bangladesh Bank and Acting Head of the Bangladesh Financial Intelligence Unit (BFIU), attended the event as the chief guest. Dr. Md. Touhidul Alam Khan, Managing Director and Chief Executive Officer of NRBC Bank, was present as the special guest.
The programme was presided over by Mohammad Abdul Qaium Khan, Deputy Managing Director and Chief Anti-Money Laundering & Compliance Officer (CAMLCO) of NRBC Bank. Rajib Hasan and Mr. Md. Hafizur Rahman Khan, Joint Directors of BFIU, along with officials from different levels of NRBC Bank through AI-powered online platform `Convay', also attended the event.
The conference featured in-depth discussions on existing anti-money laundering and counter-terrorist financing laws, the latest Bangladesh Bank directives, customer due diligence (KYC), transaction monitoring mechanisms, preparation and submission of Suspicious Transaction/Activity Reports (STR/SAR), and strengthening branch-level compliance functions. Practical experiences and real-life case studies were presented to enhance participants' operational skills.
In his speech, Md. Mofizur Rahman Khan Chowdhury emphasised the importance of establishing a strong, risk-based, and sustainable compliance framework in the banking sector to combat money laundering and terrorist financing. He highlighted the need for a more coordinated and effective role of BAMLCO officials alongside relevant head office departments.
Addressing the conference, Dr. Md. Touhidul Alam Khan stated that strict compliance with AML and CFT regulations is essential to ensure good governance, transparency, and effective risk management in the financial sector. He noted that BAMLCO officials at the branch level serve as the first line of defense in compliance management.