Prevention of the Credit Back Method of Money Laundering

Padma Bank conducts a 3-hour-long Workshop on the Prevention of the Credit Back Method of Money Laundering – Awareness and Responsibilities of Bankers. The program was held at the Bank’s Learning & Talent Development Center, Mirpur, on Saturday, November 05, under the supervision of the AML & CFT Division.
A total of 55 participants from different relevant Divisions of the Bank’s Corporate Head Office attended the program. Tarek Reaz Khan, Managing Director & CEO, formally inaugurated the Workshop where Deputy Managing Director & CAMLCO, Zabed Amin, Bangladesh Financial Intelligence Unit (BFIU) Joint Director Khandaker Ashif Rabbani, and other Senior Officials of the Bank were present. The inaugural program was moderated by Deputy CAMLCO Rashadul Karim.
In his speech, the Managing Director & CEO underscored the necessity of performing due roles and responsibilities at the individual levels to prevent credit back money laundering.
After the inaugural program, the Joint Director of BFIU conducted the main Workshop. During his presentation, he focused on the theoretical and practical aspects of credit back money laundering and the necessary awareness and responsibilities the bankers need to possess and deliver respectively to deter the credit back method of money laundering. The Workshop concluded with a Q/A session.