Dhaka, Bangladesh
The TSCFP is collaborating with Pakistan's Financial Monitoring Unit (FMU), along with 4 additional countries, on a pilot project aimed at countering trade-based money laundering (TBML) by improving the reporting of suspicious trade transactions. As part of the pilot, the TSCFP team conducted a two-day masterclass, May 4-5, in Karachi and Islamabad for about 250 representatives from banks, FMU staff, Customs, and law enforcement agencies. The training sessions were well-received, with FMU expressing thanks to the ADB team and international subject matter experts. The collaboration between TSCFP and FMU represents a significant step to provide capacity building with best-in-class information to address TBML in Pakistan.
The Asian Development Bank’s (ADB) Trade and Supply Chain Finance Program’s Countering Trade-Based Money Laundering Masterclass is a specialized training for relevant personnel in banks, FIU, customs, and law enforcement agencies to equip them with practical skills in detecting, analyzing, and investigating TBML cases. At the same time, the two-day workshop aims to foster strategic partnerships between the public and private sectors in sharing knowledge and expertise, and in working together whether through formal or informal channels, to effectively detect and/or disrupt TBML. The Masterclass is part of the ongoing ADB-led pilot on enhanced TBML reporting which enables banks to provide more actionable intelligence to regulators and law enforcement agencies. Countries included in the pilot are: Bangladesh, Mongolia, Nepal, Pakistan, and Sri Lanka.
The ADB TBML Masterclass in Bangladesh happening on 8-9 May 2023 at The Westin Dhaka is jointly organized with the Bangladesh Financial Intelligence Unit, a unit under the Bangladesh Bank (central bank). The ADB has engaged international subject matter experts to speak on relevant TBML topics, share best practices and tips, and facilitate interactive sessions during the workshop.
Session / Activity | Title | Speaker(s) |
---|---|---|
Opening Remarks | N/A |
Md Masud Biswas, Head, BFIU Neha Noronha, Bangladesh TSCFP Relationship Manager, ADB Steven Beck, Head, TSCFP, ADB Jae Park, Assistant Legal Attaché, U.S. Embassy in Bangladesh Md. Ziaul Hasan Mola, President/General Secretary, AACOBB |
TBML Overview | (Materials will NOT be uploaded after the event) |
Trainers: Mr. Nathan Lynch Mr. Gavin Coles |
ADB-led TBML STRs Pilot | (Materials will NOT be uploaded after the event) |
Ms. Catherine Estrada TBML Project Co-Lead, ADB |
Power of Partnerships | (Materials will NOT be uploaded after the event) | Trainers |
Case Study: Sanctions and Proliferation Financing | (Materials will NOT be uploaded after the event) | Trainers |
SARs/ STRs in Detail | (Materials will NOT be uploaded after the event) | Trainers |
Country-Specific TBML Risks and Mitigation Bangladesh TBML Regulatory Regime | (Materials will NOT be uploaded after the event) |
Trainers Mr. Md. Masud Rana, Additional Director, BFIU |
TBML Local Case Study | (Materials will NOT be uploaded after the event) | Mr. Muhammad Mohsin Hossaini, Additional Director, BFIU |
Closing Session–Recap, Q&A | (Materials will NOT be uploaded after the event) | Trainers |
Closing Speech & Thank You | N/A |
Mr. Md. Rafiqul Islam Director, BFIU Mr. Edimon Ginting, Country Director ADB Bangladesh Resident Mission |
Session / Activity | Title | Speaker(s) |
---|---|---|
Bangladesh TBML Regulatory Regime | N/A | Mr. Kamal Hossain, Additional Director, BFIU |
TBML Local Case Study | (Materials will NOT be uploaded after the event) | Mr. Md. Rokon-Uz-Zaman, Joint Director, BFIU |
Case Studies Workshop #1 | (Materials will NOT be uploaded after the event) |
Trainers: Mr. Nathan Lynch Mr. Gavin Coles |
Best Practice Tips for FIU, Customs, & LEAs | (Materials will NOT be uploaded after the event) | Trainers |
Case Study #2 - Cross-Border Threats | (Materials will NOT be uploaded after the event) | Trainers |
Closing Session - Recap & Q&A | (Materials will NOT be uploaded after the event) |
Trainers Ms. Catherine Estrada, ADB Mr. A.N.M. Kalim Uddin Hasan Tushar, BFIU |
Closing Remarks | N/A | Mr. A F M Shahinul Islam, Executive Director and Deputy Head of BFIU |
Disclaimer
The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.
Event Coordinator/s
- Catherine Daza-Estrada
- Julliano Fernando Guiang
ADB Organizer/s
- Private Sector Operations Department
Topics
- Finance
- Industry and Trade
- Private Sector