The Association of Bankers Bangladesh, an organisation representing top bank officials, clarified that the United States Department of Justice鈥檚 Office of Overseas Prosecutorial Development, Assistance, and Training, in collaboration with the US Embassy in Dhaka, has invited managing directors from 26 Bangladeshi banks to participate in the sixth annual US-Bangladesh Bilateral Banking Dialogue.
The event is being held in Washington from May 20鈥�23.
ABB issued a press statement on Monday to clarify聽 recent media reports about the visit of MDs of 30 banks to the USA.
The dialogue aims to enhance cooperation between the Bangladesh Financial Intelligence Unit and the financial institutions it supervises. It will address crucial issues such as anti-money laundering and combating terror financing, said the association.
From the perspective of the perspective of the Department of Justice, attending this dialogue and adhering to the practices derived from it are mandatory for banks worldwide, it claimed.
This year, representatives from the DOJ鈥檚 Money Laundering and Asset Recovery Section, the US Treasury鈥檚 Financial Crimes Enforcement Network, and the US Department of Homeland Security will present various topics to Bangladeshi banks鈥� managing directors.
Additionally, the event will include a field trip to learn about the cyber-security and AML/CFT operations of a major US bank.
Following the Washington programme, the managing directors of four banks鈥擜grani Bank, BRAC Bank, City Bank, and Dutch-Bangla Bank鈥攚ill organise an event in New York to promote offshore banking fixed deposit products to expatriate Bangladeshis, it said.
This marketing event, aimed at raising offshore banking dollar deposits, is independent of the DOJ鈥檚 dialogue in Washington.
Bangladesh Bank recently introduced offshore banking deposit products to boost foreign currency inflows into the country.
The MDs of these four banks will meet over 350 Bangladeshi and foreign expatriates to encourage them to take advantage of this tax-free savings opportunity in Bangladesh.
Answering to a 抖阴精品 query, the US embassy in Dhaka, in an email message, said the US-Bangladesh Bilateral Banking Dialogue was being held at the Georgetown Marriott in Washington, DC.
鈥楾he purpose of the dialogue is to strengthen the relationship between the Bangladesh Financial Intelligence Unit (BFIU) and the financial institutions under its oversight, while, in the process, instilling a culture of Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) compliance,鈥� it said.
Previous dialogues were held in New York, London, Kuala Lumpur, Bangkok, and Charlotte.
鈥楧uring this year鈥檚 programme, there will be presentations from representatives of BFIU, DOJ鈥檚 Money Laundering and Asset Recovery Section (MLARS), US Department of the Treasury, and US Department of Homeland Security, Homeland Security Investigations (HSI) 鈥� among others,鈥� the message read.
There would also be a tour of the Bureau of Engraving and Printing and a visit to Capital One Headquarters to hear about the bank鈥檚 cybersecurity and AML/CFT measures, it said.