This edition of ‘Fridays with Fintelekt’ features a 30-minute conversation between Shirish Pathak, Managing Director, Fintelekt Advisory Services; Md. Abdullah Al Mamun, SEVP and CAMLO, Dutch Bangla Bank and General Secretary, AACOBB; and Chowdhury MAQ Sarwar, Ex-DMD, Eastern Bank and Ex-Chairman, AACOBB, Bangladesh at which the following issues are discussed:

• Practical difficulties being faced in AML compliance operations, transaction monitoring and reporting
• Likelihood of increased regulatory risk due to challenges/possible backlogs in monitoring and meeting reporting timelines
• Approach by the regulator in reporting timelines
• Preparedness of banks to detect and monitor the perceived increased levels of fraud
• Impact on support from third party screening / technology suppliers
• Pressure on compliance as the economic condition remains depressed and senior management approach
• Advice to FCC / AML / CFT teams in banks in Bangladesh during these difficult times