Standard Chartered Bangladesh recently partnered with Brac University (BracU) to develop a Financial Crime and Compliance (FCC) program for undergraduate and graduate students enrolled at the institution.
Through this program, the bank is working with BRAC University to build a nation of trained professionals in the prevention of financial crime while adhering to local and international compliance standards.
The Memorandum of Understanding (MoU) between Standard Chartered Bangladesh and Brac University has been signed at the bank’s head office in Dhaka, a press release reads.
Naser Ezaz Bijoy, Managing Director; Andrew MacLean, Global Head, Organization & People Capability; Bitopi Das Chowdhury, General Affairs, Brand and Marketing Manager; Khairun N Haque, Human Resources Manager; and Omar M Faruque, Head of Conduct, Financial Crime and Compliance (CFCC) of Standard Chartered Bank were present
Vincent Chang, Vice Chancellor, University of Brac and Sang H Lee, Dean, BRAC BBS, along with other executives were also present for the signing of the MoU.
This initiative builds on a major knowledge need focused on CAF in Bangladesh. Thus, the launch of this program at the university level ensures that the youth and future human resources of Bangladesh receive the necessary training before entering the labor market.
The partnership is the first of its kind in Bangladesh, where a financial institution co-created a certificate program with a university to develop talent in a field important to the entire financial industry, the statement added.
Standard Chartered CEO Naser Ezaz Bijoy said: “Combating financial crime is an integral part of Standard Chartered’s mission and operations. Working with organizations to share knowledge and act quickly in response to evolving threats better prepares us all to identify and thwart financial crime. .
“We are proud to partner with BRAC University to jointly launch a program that will promote the improvement and development of money laundering controls and raise awareness of financial crime literacy across Bangladesh. We look forward to to make Bangladesh a place for financial crime fighters and to shape the future of the next generation,” he added.
Professor Vincent Chang, on this subject, said: “Financial crimes are a significant ongoing challenge for institutions and individuals. This industry-academia partnership will help us better examine the extent and costs of deception alongside key regulatory and criminal justice policy options. , it can play a critical role in driving the additional measures that need to be put in place to protect both institutions and individuals and ensure regulatory compliance.”
In addition to working with Brac University to design and launch a program on financial crime and compliance, the bank remains committed to contributing positively to the progress and future of Bangladesh by creating a culture of vigilance and awareness of within the financial crime and compliance community.