BFIU Circular 26, AML issues for Bank

BFIU Circular No. 26 | AML/CFT Compliance Framework | Banking Compliance | GB_L8 In this video, we discuss the key provisions and compliance requirements presented in BFIU Circular No. 26, issued by the Bangladesh Financial Intelligence Unit (BFIU) on 16 June 2020. The session is designed to help bankers, compliance professionals, and banking examination candidates understand the important aspects of the AML/CFT framework in Bangladesh. 📚 Topics Covered Background and establishment of BFIU Development of the AML/CFT framework in Bangladesh Money Laundering Prevention Act, 2002 Establishment of the Anti-Money Laundering Department (AMLD) Money Laundering Prevention Act, 2012 MLPA Amendment, 2015 Role and functions of BFIU Central Compliance Committee (CCC) AML/CFT Compliance Department Branch AML Compliance Officers (BAMLCOs) AML/CFT compliance hierarchy and reporting structure Customer Acceptance Policy (CAP) Anonymous and fictitious accounts Sanctioned individuals and entities Shell banks and correspondent banking Risk-Based Approach (RBA) Know Your Customer (KYC) Customer Due Diligence (CDD) Simplified Customer Due Diligence (SCDD) Enhanced Due Diligence (EDD) Politically Exposed Persons (PEPs) Correspondent Banking requirements Important AML/CFT compliance instructions for banks The presentation is based on the attached BFIU Circular No. 26 learning material and is intended as an educational resource for banking and compliance professionals. 🎓 Course: General Banking / Banking Compliance 📖 Topic: BFIU Circular No. 26 🏫 Platform: Compliance Route 👨‍🏫 Mentor: Md. Ashraful Islam, CAMS, CGSS, CDCS, CSDG, MBA, MSc, AIBB #BFIU #BFIUCircular26 #AMLCFT #AML #CFT #BankingCompliance #KYC #CDD #EDD #PEP #CorrespondentBanking #BAMLCO #AMLCompliance #JAIBB #AIBB #BankingExam #ComplianceRoute #BangladeshBank #BankingTraining