Banks cautioned on terror financing
Bangladesh Bank yesterday instructed all banks to sharpen their watch on money laundering and terror financing amid the growing political violence.
Chief executives have to stay alert so that no banks can be used for terrorist financing, said Abu Hena Mohd Razee Hassan, deputy governor and head of the Bangladesh Financial Intelligence Unit (BFIU) of the central bank.
Hassan spoke at a meeting with the CEOs at the central bank where the heads of the money laundering prevention departments of different banks were also present.
He reminded the executives of the Anti–Terrorism Act 2009, which was revised in 2012.
“You have to strengthen your internal control to identify transactions being used for terrorism and violence,” he said.
The deputy governor also asked the banks to identify the districts and areas, which are prone to violence. The BFIU should be informed about the suspected transactions, he said.
Mahfuzur Rahman, executive director and deputy head of BFIU, also spoke.