Bangladesh Bank on Monday launched a software to strengthen its fight against money laundering and terrorist financing. The BB governor Atiur Rahman inaugurated the software, goAML, at the central bank headquarters in the capital while senior officials of the central bank and the chief executive officers of the scheduled banks attended the programme. Speaking on the occasion, Atiur said the BB would be able to collect suspicious transaction report and suspicious activities report from scheduled banks including all reporting agencies through the new software.
The BB will receive allegations of the suspected money laundering from the reporting agencies through the software, he said.
The BB will also analyse the information relating the suspicious transactions by using the operational process of goAML, he said.
Eighteen countries have already launched goAML to fight against money laundering and terrorist financing.
The central bank inaugurated the new software in accordance with the recommendations of the Financial Action Taskforce.
Debaprosad Debnath, general manager and operational head of Bangladesh Financial Intelligence Unit, said the software would be linked with the database of other financial regulators.
The Anti Corruption Commission, Criminal Investigation Department and other agencies concerned will also get the facility of the new software, he said.
Under the circumstances, the financial regulators and agencies concerned will collect their required data easily from the software, he said.
BB deputy governor Abu Hena Mohd Razee Hassan and Nazneen Sultana also addressed the inaugural ceremony.
-With New Age input
