Risk assessment of products in bKash

Abstract

Internship is the opportunity to experience the practical work environment. The main objective of this report is to evaluate the effectiveness of Compliance process monitoring and control team. First of all, the report gives an overview of bKash Limited. Hereafter, it draws attention towards the practices of AML and CFT in Bangladesh and also helps to identify the importance of the process for any organization. In the third part, the risk assessment of the products in bkash has been described in detail. Before that, a comparative study has been shown about the products of bKash. Last but not least, a little description of the products is written. Moreover, there is a brief description of KYC checking is given so that the first step of risk mitigation can be shown. At the very end, recommendations have been stated as per practical knowledge and evaluating the process. Here, the comparative researches are shown so the mobile financial services can be compared. The report is prepared to evaluate the effectiveness and areas of further development of risk assessment of products. Furthermore, here is a small description of the latest product eKYC is given which is going to launch on 1st September,2019.