bKash Launches Anti-Money Laundering Solution

Mobile financial service provider, bKash launched the 'AML360' anti-money laundering and anti-terrorism financing (AML&CFT) solution to track channel partners' real-time transactions such as agents, marketers, traders and aggregators.

The bKash statement said today that an automated solution, first introduced in the country, will make transactions more transparent, accountable, secure and risk-free.

The AML360 solution will also make the collaboration process more complex between the Bangladesh Financial Intelligence Unit (BFIU) and other organizations.

BKash Chief External and Corporate Officer Major General (retd) Sheikh Md Monirul Islam said, "We are committed to following the guidelines of BFIU and other authorities concerned to prevent money laundering in Bangladesh."