Business Report :
Recently, several media outlets have published incorrect and misleading reports concerning the participation of Managing Directors (MDs) of several banks in two programs in the United States.
The Association of Bankers Bangladesh Limited (ABB) wishes to address these reports that contain false and distorted information.
The United States Department of Justice (DOJ), Office of Prosecutorial Development, Training, and Assistance (OPDAT), in collaboration with the US Embassy in Dhaka and the Bangladesh Financial Intelligence Unit (BFIU), is committed to ensuring governance and compliance in the banking and financial sector.
This dialogue is designed to significantly strengthen the collaborative efforts between the Bangladesh Financial Intelligence Unit (BFIU) and the financial institutions under its purview. It aims to not only enhance Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) measures but also to establish robust protocols for dealing with entities subject to international sanctions.
Previous dialogues have taken place in various international financial hubs including New York, London, Kuala Lumpur, Bangkok, and Charlotte, USA.
From the DOJ’s perspective, attending this dialogue and adhering to the practices derived from it are significantly important for banks worldwide.
During this year’s dialogue, experts from DOJ’s Money Laundering and Asset Recovery Section (MLARS), the US Treasury’s Financial Crimes Enforcement Network (FinCEN), and the US Department of Homeland Security will engage with the MDs on the topics mentioned above.
