Bangladesh, Nov. 6 -- Bangladesh Bank (BB) on Thursday urged finance companies to strengthen oversight, internal controls and risk-based management to prevent money laundering through loans, anonymous lending, diversion of loan funds and transactions involving related parties.

Deputy Governor Md Sarwar Hossain made the call while speaking at the inaugural session of a two-day conference of Chief Anti-Money Laundering Compliance Officers (CAMLCOs) of finance companies in Cox's Bazar.

The conference was organised by the central bank's Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) Department.

Emphasising transparency, accountability and good governance in non-bank financial institutions, Sarwar Hossain called...