Anti Money Laundering Training (Bangladesh)

Course available for 180 days
Get course
Enrolled: 1 student
Duration: 1 hour
Lectures: 8
Video: 1 hr
Level: Intermediate
Anti-money Laundering for Bangladesh

Bangladesh, like most of South Asia, is highly vulnerable to Money Laundering and is hard-pressed to fully comply with global standards for control. Weak institutions, bureaucratic pathology, lack of transparency and accountability, high levels of corruption, an ambiguous regulatory environment, unregulated financial operations, a disordered banking sector, conflicting interests, criminal exploitation, poor oversight and reporting, flawed risk assessment and weak government performance have affected the performance of the AML system.

To tackle this on-going issue, this training course will teach you all about how to identify and report these criminal activities such as money laundering and terrorist financing to the legal Bangladesh authorities. This course will also help you learn about the entire process of how criminals hide their illegal sources and involve in fraudulent activities with customers, making it difficult to track these sources and customers lose all of their trust in financial authorities.

You will also explore and practice this training by completing quizzes relevant to each topic and once you clear the quiz, you will hold a certification from one of the recognized financial services firms in the UK that holds significant value for your career and profession.

Topics covered in this course:

  • What is Anti-Money Laundering?
  • Money Laundering aspects in Bangladesh
  • Money Laundering and Terrorist Financing Risk
  • Know Your Customers or Employee
  • Suspicious Transaction Reporting
  • Targeted financial Sanctions & Miscellaneous

Key elements of AML training in Bangladesh

The key elements of Anti Money Laundering (AML) training in Bangladesh include understanding the types of financial crimes, understanding the methods used to launder money, and understanding the laws and regulations surrounding money laundering. 

In addition, AML course provides participants with the skills and knowledge necessary to detect and report money laundering activity. By understanding the key elements of AML training, participants will be better equipped to protect themselves and their organizations from financial crime.

Importance of AML training Bangladesh

The importance of AML training in Bangladesh can be attributed to several factors.

It raises awareness of the risks associated with money laundering and terrorist financing.

Additionally, it enables people to detect and report suspicious activities by providing them with the necessary skills and knowledge.

In addition, it creates a culture of compliance within organizations, promoting ethical standards.

Bangladesh can be protected from money laundering and terrorist financing by increasing awareness and understanding of these issues.

Who needs training in anti-money laundering in Bangladesh?

Any person or institution who is involved in the financial sector in Bangladesh needs to complete an anti-money laundering training course. This includes banks, financial institutions, money transfer businesses, and currency dealers. 

The course is designed to help participants understand the dangers of money laundering and how to prevent it. It covers topics such as identifying suspicious transactions, reporting suspicious activity, and cooperating with law enforcement investigations.

 By completing the course, participants will be better equipped to protect their businesses from money laundering and other financial crimes.

Aims of the course

The aim of this course is to provide an overview of anti-money laundering in Bangladesh. The course will cover the definition of money laundering, the methods used to launder money, and the laws and regulations in place to prevent it. 

In addition, the course will examine the role of the Bangladesh Financial Intelligence Unit in combating money laundering and will provide an overview of the recent case law on money laundering in Bangladesh.

Reason to choose us for anti-money laundering training Bangladesh

There are several reasons that make us the best choice for your AML training needs. Our program is designed by highly experienced professionals who have extensive knowledge in the field of financial crimes and compliance. This ensures that you will receive the most comprehensive and up-to-date training available. 

In addition, our program is offered at a very competitive price, making it an affordable option for businesses of all sizes. We also offer a convenient online delivery format that makes it easy to access the material and complete the training at your own pace. 

Frequently Asked Question (FAQ):

What is AML training in Bangladesh?

AML training in Bangladesh is critical for preventing money laundering and terrorist financing. The country has a large informal economy, which makes it vulnerable to these activities. The government has taken steps to improve its AML regime, but more needs to be done. Financial institutions need to provide better training to their staff and improve their compliance procedures.

How long is AML training Bangladesh?

The length of the course is around 1 hour. The course has total six modules which will provide you with in-depth knowledge on AML training for Bangladesh.

What is the cost of AML training course in Bangladesh?

The cost of Anti-Money Laundering training in Bangladesh is  £150.

Which topics are discussed in anti money laundering training courses in Bangladesh?

Some AML training courses in Bangladesh include the AML Basic Awareness Course, the AML Prevention and Detection Course, and the AML Investigation Course.

Who is eligible to attend anti money training in Bangladesh?

There are no specific eligibility criteria for attending AML training in Bangladesh. However, it is recommended that participants have some knowledge and experience in the financial sector.

1
Bangladesh– Anti Money Laundering Course Preview
01:35

Bangladesh, like most of South Asia, is highly vulnerable to Money Laundering and is hard-pressed to fully comply with global standards for control. Weak institutions, bureaucratic pathology, lack of transparency and accountability, high levels of corruption, an ambiguous regulatory environment, unregulated financial operations, a disordered banking sector, conflicting interests, criminal exploitation, poor oversight and reporting, flawed risk assessment and weak government performance have affected the performance of the AML system.

To tackle this on-going issue, this training course will teach you all about how to identify and report these criminal activities such as money laundering and terrorist financing to the legal Bangladesh authorities. This course will also help you learn about the entire process of how criminals hide their illegal sources and involve in fraudulent activities with customers, making it difficult to track these sources and customers lose all of their trust in financial authorities.

You will also explore and practice this training by completing quizzes relevant to each topic and once you clear the quiz, you will hold a certification from one of the recognized financial services firms in the UK that holds significant value for your career and profession.

2
Module 1: What is Anti-Money Laundering?
06:34

In Bangladesh, there has been an increase in corrupt influences on young people and it’s already being misused by criminals through emerging technology.

As Money Laundering is on the rise, this module is will give you the basic knowledge and understanding what Money laundering and Terrorist financing is all about and how it is carried out mainly in Bangladesh. 

It is highly important to learn how these criminal offences are carried out as there is a potential risk that someone might approach you or someone you know into this act and that could put someone’s life in danger. 

3
Module 2: Money Laundering and Terrorist Financing Risk – Part1
08:30

There are terrorist groups and organizations that also fund illegal activities like money laundering for their financial gains in the Bangladesh, and are an expert of erasing their illicit origins.

This module will help get a better understanding of laws made by the Bangladesh Government on how to track and catch these illegal activities.

It is important to understand the need to catch these criminals to avoid any further mishaps In the Bangladesh’s economy.

4
Module 2: Money Laundering and Terrorist Financing Risk – Part2
08:27

There are terrorist groups and organizations that also fund illegal activities like money laundering for their financial gains in the Bangladesh, and are an expert of erasing their illicit origins.

This module will help get a better understanding of laws made by the Bangladesh Government on how to track and catch these illegal activities.

It is important to understand the need to catch these criminals to avoid any further mishaps In the Bangladesh’s economy.

5
Module 3: Compliance
08:08

This module will teach all about how to perform compliance duties to ensure Customer due diligence and Monitoring for suspicious transaction/activity is being followed.

The compliance officers must report the matter on immediate basis to the Bangladesh Bank if any suspicious transaction is observed.

It is obligatory to collect and verify the correct and complete identification of customers to prevent money laundering and terrorist financing.

6
Module 4: Know Your Customers or Employee
12:23

The Know Your Customer (KYC) program is an important segment of Financial Institutions risk management policies. 

The course will also teach you about how to identify the transaction to be suspicious, where accountants must have a clear cut understanding of the nature of the business carried out by the customer.

This method enables the accountants to document, where indicating best possible identification must be obtained from the potential customer.

7
Module 5: Suspicious Transaction Reporting
11:40

All FI’s must report to the Bangladesh Bank all Suspicious Transaction Report (STR) or Suspicious Activity Report (SAR) without any delay.

This module will help identify suspicious transactions and show the adequate process of how the Bangladesh Bank should have a dedicated, experienced staff for the investigation of and dealing with alerts which must be documented as well.

You will also learn about how to compare the client‘s transaction history to the client‘s specific profile information to identify any anomalies or suspicious activity.

8
Module 6: Targeted financial Sanctions
07:22

This chapter discusses how the Bangladesh Bank is allowed to review information related to cash transactions and suspicious transactions received and provide information to the relevant law enforcement agencies for taking necessary actions if required.

You will learn all about fines/sanctions imposed if any reporting organization provides false information or statements requested by the Bangladesh Bank.

This module also provides training to staff and officers of FI’s for detection and prevention of suspicious transactions which might be connected with terrorist financing.

9
Bangladesh– Anti Money Laundering Quiz
35 questions
Anti Money Laundering Training (Bangladesh)