CSE-BB organize annual CAMLCO confce

Chittagong Stock Exchange Ltd (CSE) in collaboration with The Bangladesh Bank organized the “Annual CAMLCO conference, 2015 of CSE TREC Holders” at the Chittagong Boat Club conference hall in Chittagong.

The Deputy Governor of Bangladesh Bank Mr. S. K. Sur Chowdhury graced the program as the Chief Guest while Mr. Md. Amzad Hossain, Commissioner, Bangladesh Securities & Exchange commission (BSEC) Dr. Mohammed Abdul Mazid, Chairman, CSE, Mr. Wali-ul-Maruf Matin, Managing Director, CSE and Mr. Mijanur BDeputygovRahman Joddar, Executive Director, Bangladesh Bank were present at the program as the special guests.

Mr. M. Mahfuzur Rahman, Deputy Head of Bangladesh Financial Intelligence Unit (BFIU) presided over the program.

On behalf of CSE, Mr. Ahmad Dawood, Chief Regulatory Officer, CSE and from Bangladesh Bank Mr. Md. Nazrul Islam, Deputy General Manager, BFIU gave the welcome note to the guests and participants.

Mr. S. K. Sur Chowdhury, Deputy Governor, BB in his speech highly praised CSE’s role on the matter of Anti-Money Laundering and Combating Financial Terrorism saying the bourse has always been cooperative to Bangladesh Bank whenever it has been asked to. He said, considering the expansion of business of the stock brokers in Chittagong, learning about money laundering and its impact on the economy of Bangladesh has now become crucial for them and this conference is a big opportunity to know that.

Mr. Amzad Hossain, Commissioner, BSEC in his speech said, CSE TREC Holders will be equipped with more updated knowledge on Money laundering by attending the conference and this will definitely help them to be highly compliant with the rules and regulations of BSEC and Bangladesh Bank. He said BSEC is now much stronger at surveillance and these types of awareness programs will enhance the brokers to cope with the rigorous monitoring of the regulators.

Dr. Abdul Mazid, Chairman of CSE and Ex- Chairman of NBR said, Stock Brokers should have profound understanding on money laundering and how this mechanism hampers the growth of the country as stock market of Bangladesh is also expected to be exposed to money laundering and terrorist financing. He said by checking money laundering efficiently the government can ensure a sound public financial management which eventually will help them to reduce budget deficit. He cordially regarded the initiative of BB for arranging such program for CSE TREC Holders specially Chittagong.

Mr. Wali-ul-Maroof Matin, MD of CSE said the conference would be an interesting experience to participating TREC Holders of CSE as the brokers will come to know the hidden issues on how all that money laundering stuff works in real life business. He said, surely the brokers will be benefited from this conference and the knowledge received from here will make them more transparent in doing business today. He thanked the participants and the guests for coming all the way to make the program a grand success.

A total of seven sessions on seven topics related to money laundering was conducted by experts from Bangladesh Bank, BSEC and CSE TREC Holders. The program was participated by half of the total CSE TREC Holders. Officials from CSE and Bangladesh Bank were also present on the occasion.