bKash holds awareness sessions to curb hundi, betting, and money laundering

bKash Limited, the country's leading mobile financial service (MFS) provider, recently organised four awareness workshops in Dhaka, Khulna, Bogura and Cumilla to strengthen its efforts to prevent financial crimes such as hundi, betting, and money laundering.

The day-long sessions brought together bKash's distributors and channel partners to enhance their understanding of compliance practices, according to a press release.

The discussions focused on accurate financial transaction management within the nationwide agent network, awareness of fund sources, timely reporting of suspicious transactions, regular data updates, staff monitoring, action against non-compliant agents, and effective use of technology.

With more than 3.5 lakh agents across the country, bKash's extensive network plays a vital role in promoting financial inclusion by making digital financial services accessible to all segments of society.

As key channel partners, distributors are responsible for managing this vast network. They supervise and guide agents, ensure transaction accuracy, provide regular training, promote technology use, and maintain service quality.

During the workshops, participants said maintaining strict compliance standards has strengthened their operations and reduced risks.

They also lauded bKash's continued initiatives to promote awareness and ensure safe, transparent financial practices.

Emphasising vigilance and accountability, bKash urged all stakeholders to enhance monitoring, ensure timely reporting, and maintain compliance to curb illegal financial activities such as hundi, betting, and money laundering.

Ali Ahmmed, chief commercial officer of bKash Limited, said a strong distribution network has been built through the joint efforts of bKash and its partners, ensuring uninterrupted services to 8.2 crore customers. "Beyond basic cash-in and cash-out services, agent points have now become hubs of financial accessibility, offering a range of services that bring convenience to customers", he added.

Mohammad Irfanul Huq, head of distribution and retail business at bKash, said the company, regulated by Bangladesh Bank, plays a leading role in advancing financial inclusion and building the country's digital payment infrastructure.

He reiterated that bKash prioritises compliance in all aspects of its operations and called on distributors to remain vigilant to prevent dishonest groups from using financial platforms for illegal activities.