Prime Bank, BFIU organise anti-money laundering training in Moulvibazar

Prime Bank PLC recently organised a daylong training programme on the "Prevention of Money Laundering and Combating Financing of Terrorism (AML & CFT)" under the initiative of the Bangladesh Financial Intelligence Unit (BFIU) in Moulvibazar.

A total of 90 bankers from various scheduled banks in the district took part in the training. Prime Bank acted as the lead bank, according to a press release.

Mostakur Rahman, director of BFIU, inaugurated the event as the chief guest.

Sajjad Hossain, additional director of BFIU; Md Imanur Hasan, joint director; and Md Musfiqul Islam, deputy director, conducted the training sessions as expert resource persons.

The sessions covered a wide range of topics, including provisions of the Money Laundering Prevention Act 2012 (MLPA) and the Anti-Terrorism Act 2009 (ATA), Know Your Customer (KYC) and Customer Due Diligence (CDD) procedures, transaction monitoring techniques, regulatory compliance, and measures to prevent both credit-backed and trade-based money laundering.

Md Ziaur Rahman, deputy managing director and chief anti-money laundering compliance officer of Prime Bank PLC, chaired the programme.

The bank also recognised the top performers.

Md Iqbal Hossain, deputy managing director of Prime Bank, and Md Humayun Kabir, head of Sylhet region, along with other senior officials from both organisations, were also present.