Bankers formed an association
of anti-money laundering compliance officers with an aim to work closely and
effectively with the Bangladesh Financial Intelligence Unit and other
regulatory authorities, the association said in a statement yesterday.
The association said the move
would help them in combating money laundering and terrorist financing and in
efforts to extend cooperation to relevant agencies.
The chief anti-money
laundering compliance officers (CAMLCO) and their deputies will be representing
their respective banks in the association.
The association elected Faruq
Mainuddin, chief anti-money laundering compliance officer of City Bank, as its
chairman and Swapan Kumar Biswas, Mutual Trust Bank's CAMLCO, as the general
The association also elected
vice chairmen from Janata Bank and Standard Chartered Bank, treasurer from
Islami Bank Bangladesh and joint secretaries from Dhaka Bank and Bank Asia.
Other members of the executive
committee have been taken from National Bank, Sonali Bank, United Commercial
Bank, Eastern Bank, Dutch-Bangla Bank, One Bank, Exim Bank and NRB Bank.