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Friday | November 06, 2026 | Dhaka

BB urges finance companies to strengthen AML measures

 Business Desk
 Published: 12:01 AM, 06 November 2026

Bangladesh Bank (BB) on Thursday urged finance companies to strengthen oversight, internal controls and risk-based management to prevent money laundering through loans, anonymous lending, diversion of loan funds and transactions involving related parties.

Deputy Governor Md Sarwar Hossain made the call while speaking at the inaugural session of a two-day conference of Chief Anti-Money Laundering Compliance Officers (CAMLCOs) of finance companies in Cox’s Bazar.

The conference was organised by the central bank’s Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) Department.

Emphasising transparency, accountability and good governance in non-bank financial institutions, Sarwar Hossain called on finance companies to ensure effective monitoring of lending activities and strengthen their compliance mechanisms to prevent financial irregularities.

He also stressed the need for making anti-money laundering efforts effective in practice ahead of Bangladesh’s fifth-round Mutual Evaluation by the Asia/Pacific Group on Money Laundering (APG), scheduled for 2027-2028.

Speaking at the event, BB Executive Director Md Muksuduzzaman said finance companies must strengthen their internal controls and compliance frameworks to address money laundering risks.

He underscored the importance of identifying the actual beneficial owners of clients and ensuring that Chief Anti-Money Laundering Compliance Officers can perform their responsibilities independently.

ATM Kamrul Kabir Bhuiyan, director of the AML/CFT Department of Bangladesh Bank, chaired the session, while Mahbub-ul-Kader, president of the Association of Anti-Money Laundering Compliance Officers of Finance Companies in Bangladesh, also spoke.

Senior central bank officials, chief executives of finance companies, and their respective CAMLCOs and deputy CAMLCOs are attending the conference.

The conference is being held under the theme “Resilient Finance Companies through Effective AML/CFT”.

It will discuss a range of issues, including risk-based supervision, corporate governance, suspicious transaction reporting and preparations for the upcoming Mutual Evaluation.