bKash launches anti-money laundering solution

Mobile financial service provider, bKash launched its anti-money laundering and combating financing of terrorism (AML&CFT) solution "AML360" to monitor real time transactions of channel partners such as agents, distributors, merchants and aggregators, reports BSS.

A bKash statement said on Monday that the automated solution incorporated first ever in the country would make transactions more transparent, accountable, safe and risk-free.

The AML360 solution would also make the collaboration process more dynamic among Bangladesh Financial Intelligence Unit (BFIU)) and other organisations.