CHATTOGRAM, Nov 02, 2025 (BSS) -The Bangladesh Securities and Exchange Commission (BSEC) and the Chittagong Stock Exchange PLC (CSE) today jointly organized a day-long training workshop on “AML/CFT Compliance and Risk-Based Supervision”. 

The event took place at the CSE’s head office in Chattogram and was attended by representatives from all relevant stock brokers and stock dealers associated with the exchange, said a press release.

The workshop featured BSEC Commissioner Md Saifuddin, CFA, as the chief guest, and BSEC Executive Director (ED) Mohammad Jahangir Alam as the special guest.

Also participating were CSE Managing Director M Saifur Rahman Mazumder and CSE Chief Regulatory Officer (CRO) Mohammad Mehedi Hasan.

In his remarks, Md Saifuddin described Anti-Money Laundering or Countering the Financing of Terrorism (AML/CFT) as a crucial global issue. 

He stressed that as any country’s market becomes increasingly integrated with other global markets, the importance of this subject rises. 

He noted that for Bangladesh to move past its current status as a Frontier Market and ascend to an Emerging Market, these issues must be treated with seriousness.

Commissioner Saifuddin underscored the importance of Know Your Customers/Clients (KYC), stating that having thorough knowledge of a client is an effective method for financial institutions and their officials to identify who is involved in money laundering attempts. 

He also emphasized the need to secure and properly insulate cash and trade transactions—a process he referred to as plumbing, specifically trust and custodian plumbing. 

He highlighted that the fundamental goal of anti-money laundering law is to ensure that no laws are violated through transactions of securities or money in the capital market, regardless of whether the method used is digital or analog.

Mohammad Jahangir Alam stated that Bangladesh’s economy and capital market are entering a new era where transparency, accountability, and governance are the key drivers for sustainable development. 

He noted that money laundering, fraud, and the collection of terrorist funds are major international challenges affecting the stability of the global economy, and the country’s capital market is not entirely exempt from this impact.

He warned that illegal transactions damage market transparency, erode investor confidence, destabilize the financial sector, and harm the country's international image. 

He specified that the workshop was organized in accordance with Rule 32(8) of the Money Laundering Prevention Rules, 2019. 

This event was the last of the four batches organized by BSEC in 2025, marking the successful completion of 10 such workshops in total.

Mohammad Mehedi Hasan provided an opening definition of money laundering, explaining it as the attempt to hide undisclosed income. 

He added that AML/CFT is highly important for the capital market and is extremely crucial for the overall economy.

In his closing remarks, CSE Managing Director M. Saifur Rahman Mazumder stressed that all stakeholders—including the Commission, exchanges, brokerage houses, and intermediaries—have structural liabilities regarding compliance with anti-money laundering and terrorist financing.

He noted that the level of compliance determines a country’s Country Grading, which plays a vital role in international business and transaction decisions. 

Mazumder urged institutions not to view compliance as a burden but rather as a responsibility related to national interest, economic security, and international standing. 

He encouraged continuous self-improvement through regular training and preparation.