BRAC Bank engages with BFIU to boost AML-CFT compliance

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 Juairia Haque, Joint Director, BFIU, facilitated the session held at the bank's Head Office in Dhaka recently, says a press statement.

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.

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.