Standard Chartered, BRAC University celebrate first graduates of FCC Certification Program

 
Standard Chartered Bangladesh and BRAC University (BRACU) celebrated the graduation of the first batch of financial crime and compliance experts from 'FCC Certification Program' recently.

The program has been co-developed by Standard Chartered and BRAC University academic rigour with the practical requirements of the private sector to tackle the complexities of financial crimes. The program was launched in early 2024, which is the first such initiative in the country.

The "FCC Certification Program" highlights the growing importance of raising compliance standards and fighting financial crime to protect the industry and society. Course topics included identification and prevention of money laundering, terrorist financing, and other illicit financial activities.

Throughout the course, students were mentored by banking professionals and other experts from Standard Chartered Bangladesh, Bangladesh Financial Intelligence Unit (BFIU), BRAC Business School, and BRAC University.

Speaking on the occasion Naser Ezaz Bijoy, Chief Executive Officer, of Standard Chartered Bangladesh, emphasised the critical relevance of FCC in today's rapidly evolving landscape of information and technology.

He said, "Fraudulent financial transactions are draining billions of Bangladeshi Taka from the country each year, resulting in significant harm to the government, banks, and the public."

"By applying the knowledge acquired in this course, we have the opportunity to prevent such illicit activities, providing substantial benefits for governmental bodies, financial institutions, and the community at large," he said.

Professor Mahboob Rahman, Treasurer, of BRAC University, stated that the FCC certificate course will serve as a pivotal milestone in fostering a stronger bridge between industry and academia.

Professor Mujibul Haque, Acting Dean, BRAC Business School, BRAC University, said, "This course has been effective in enhancing knowledge and refining skills to the participants, enabling them to better identify and prevent financial crimes."
Officials and faculties of Standard Chartered and BRAC University were present at the function.