Southeast Bank Limited launched a fully automated Sanctions Screening Solution to monitor and counter Money Laundering and Terrorist Financing-related threats. The formal inauguration ceremony was held Sunday at the bank's head office at Dilkusha in the city. Shahid Hossain, Managing Director of the bank formally launched the live deployment of the solution in presence of representatives of bank's foreign correspondents.

Southeast Bank Limited launched a fully automated Sanctions Screening Solution to monitor and counter Money Laundering and Terrorist Financing-related threats. The formal inauguration ceremony was held Sunday at the bank's head office at Dilkusha in the city, said a press release.

Shahid Hossain, Managing Director of the Bank formally launched the live deployment of the solution in presence of representatives of Bank's foreign correspondents. In his address of welcome, he highlighted the Bank's AML and CFT policies and its commitment to remain compliant towards fulfilment of regulatory requirements.

Muhammad Shahjahan, the Deputy Managing Director and CAMLCO of the bank reiterated the Managing Director's note and cited different measures taken by the bank to ensure the compliances.   

This Screening Solution was procured from SWIFT, the global market leader in providing ICT solutions and is considered to be the most resilient in the domain of transaction screening. This solution will scrutinize all the in-bound and out-bound SWIFT messages against sanction lists provided by UN, EU, OFAC, AUSTRAC etc. Through deployment of this automated Sanction Screening Solution, the bank will be better-positioned to protect its banking channel from being used by any criminal or unscrupulous persons for money laundering and financing of terrorism

Among others, the Deputy Managing Director and Chief Risk Officer, S.M. Mainuddin Chowdhury, Senior Vice President Shamim Ara Khanom, Vice President and Deputy Head of IT Khandaker Khaled Hassan, Senior Assistant Vice President and Chief Financial officer Mohammad Aminul Haque, Senior Assistant Vice President and Head of Treasury Md. Jahangir Kabir and other Executives of Head Office were present in the ceremony. Representatives from Citi NA, JP Morgan, Wells Fargo, Commerz AG, Mashreq PSc also attended.

Business Report :United Commercial Bank Limited (UCB) and International Finance Corporation (IFC) signed three agreements in Dhaka. Under the agreements IFC will finance UCB for a total sum of USD75 million in three modes: GTFP, WCSS STF and SEF Remediation finance for RMG industries, says a press release on Monday. A signing ceremony was held at corporate office of UCB at Gulshan Dhaka on Monday, which was represented by Muhammed Ali, Managing Director of UCB and Mengitsu Alemayehu, Director, South Asia, IFC. M Shahidul Islam, Additional Managing Director, Mirza Mahmud Rafiqur Rahman, Additional Managing Director, AE Abdul Muhaimen, Additional Managing Director, Md Tariqul Azam, Deputy Managing Director, Mohammad Shawkat Jamil, Deputy Managing Director, Md Sohrab Mustafa, Deputy Managing Director, Golam Awlia, Deputy Managing Director from UCB and Wendy Werner, Country Manager for Bangladesh, Bhutan and Nepal, Kyle F Kelhofer, Country Manager-Vietnam, Rehan Rashid, Senior Country Officer and Paarul Dudeja, Investment Officer of IFC among others were also present.   

Shalina Yasmin Kakoly, Proprietor of Pindhon, receiving \"National Productivity & Quality Excellence Award-2013\" from NPO, Ministry of Industries, in recognition of her contribution in cottage industry of Bangladesh. Md Fazlul Hoque, FAVP and Head of Kis

The Premier Bank Limited & Royal University of Dhaka jointly honoured the brilliant Students for achieving GPA 5 in HSC and equivalent exams at Bashgari, Bhairab recently.

The Additional Managing Director of The Premier Bank Ltd M Reazul Karim, Senior EVP and Head of CRM, HO of the Bank Shahadat Hossain and Colonel (rtd) Professor Mosharaf Hossain of the Acting VC of the Royal University of Dhaka, Adviser of Z Rahman Premier Bank School & College at Bashgari, Brigadier (rtd) Golam Hossain Sarkar among others high Officials of the Bank and the University were also presents on the occasion.

The role of Bangladesh Bank in contributing to the development of the country’s small and medium entrepreneurs has been praised by the business bodies and stakeholders of India.
Bangladesh Bank said this in a statement on Sunday. Dr. Atiur Rahman visited Delhi in last week and attended several programs organized by IamSMEofIndia and National Small Scale Industries Corporation of India (NSIC), mentioned the central bank statement.
During the visit, BB Governor met with Indian President Pranab Mukherjee at Rastrapati Bhaban  and also the Minister of MSME Kalraj Mishra where he discussed about the progress of MSME sector of Bangladesh and possible cooperation with Indian MSMEs in the future.
He also attended a meeting with Chief General Manager of SIDBI, a leading financial institution dedicated for development of small industries in India.
Dr. Rahman attended a programme titled "The Tryst with the Visionary Leaders" where he received and welcomed by Chairman of IamSMEofIndia, Chairman of EXIM Bank and Chairman of NSIC, other promising leaders, bankers, entrepreneurs and members of IamSMEofIndia.