Anti-money laundering and combating financing terrorism by BRAC Bank Limited

Abstract

This paper attempts to present a comprehensive review of BRAC Bank's anti-money laundering initiatives and efforts to avoid it. Because banks deal with money, people occasionally try to take advantage of them to carry out various criminal tasks in order to profit from them. As a result, banks must ensure that these kinds of illegal actions are avoided. They take the required precautions and adhere to some predetermined rules to stop these behaviors. Because of this, I have first provided a detailed explanation of the operations at the office. After that, in the second chapter, I gave a brief description of the company, BRAC Bank Limited, where I had finished my internship program. I made an effort to concentrate on the bank's founding history, goal, and vision, as well as its key departments, business divisions, and goods and services. Finally, I presented some conclusions from my research of the anti-money laundering initiatives in the third chapter. I then gave some recommendations and pointed out some of the report's limitations.