Prevent banking by militants: BB chief | The Daily Star
05:05 PM, March 27, 2015 / LAST MODIFIED: 12:05 AM, April 03, 2015

Prevent banking by militants: BB chief

Star Online Report

Bangladesh Bank (BB) Governor Dr Atiur Rahman today asked the commercial banks to take the highest cautionary measures so that no one can use the banking channel for financing terrorism both at home and aboard.

“You (bankers) have to collect detail information on customers and have to monitor their transactions very closely,” the BB governor said while inaugurating the conference of Chief Anti-Money Laundering Compliance officials, generally known as CAMLCO, of all banks at Cox’s Bazaar in the morning.

Atiur also said uprising of different militant organisations became a threat for Bangladesh and other countries.

“You have to be cautious so that the militants could not finance using the banking channel.”

The central bank chief also instructed the bankers to comply with “Know Your Customer (KYC)” provisions properly to check illegal fund transferred.

The BB is working based on the new data base of national identity card prepared by the Election Commission in Bangladesh, Dr Rahman said, adding that other commercial banks will connect with the central bank’s server immediately to avail the data.

He also expressed hopes that such measures will help comply with KYC provisions properly that will also play an effective role in preventing money laundering activities.

The BB governor also asked the bankers to take effective measures to comply with the rule and regulations of the Anti-Money Laundering and Combating Financing of Terrorism issues properly to check illegal fund transferred.

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