StanChart holds workshop on global financial crime risks

Standard Chartered Bank Bangladesh on Tuesday organised a daylong workshop to enlighten senior bankers on global financial crime risks.

The workshop, "Correspondent banking academy on financial crime compliance", was held at the Sonargaon hotel in Dhaka, the bank said in a statement yesterday.

Over 160 senior bankers, including chief executive officers, heads of compliance and senior members of international divisions, trade, operations and information technology divisions of local banks, attended the event.

Delivering the welcome remarks, Naser Ezaz Bijoy, CEO of Standard Chartered Bank Bangladesh, said anti-money laundering and financial crime compliance is one of the most important areas of correspondent banking today.

"As the leading international bank in Bangladesh, we remain committed to disseminating the best global practices in managing financial crime compliance and anti-money laundering risks across the banking sector," he said.

Muhit Rahman, managing director and head of financial institution of Standard Chartered Bank Bangladesh, conducted a panel discussion with Abu Hena Mohd Razee Hassan, deputy governor of Bangladesh Bank, as the chief guest.

Kamal Hossain, joint director of Bangladesh Financial Intelligence Unit, explained the national institutional framework for managing anti-money laundering and financial crime compliance in Bangladesh.

Heidi Toribio, global head of banks & broker dealers, Standard Chartered Bank, and Jodie Arthur, head of financial crime compliance for Asean & South Asia, gave presentations.

Standard Chartered Bank has been organising this programme in collaboration with local banks and regulators since 2015 to share insights on the topic.