The second highest body for combating money laundering and terrorist financing in the country is the Working Committee on AML & CFT established on November 02, 2010. The committee comprises of 21 members and Secretary of Financial Institutions Division of Finance Ministry is the convener. Members of the committee are:
- Head of BFIU, BFIU
- Director General, Prime Ministers’ Office
- Joint Secretary, Finance Division
- Joint Secretary, Ministry of Home Affairs
- Director General, Ministry of Foreign Affairs
- Joint Secretary, Legislative and Parliamentary Division; Ministry of Law, Justice and Parliamentary Affairs
- Joint Secretary, Ministry of Social Welfare
- Additional Inspector General of Police, CID, Bangladesh Police
- Director General, NGO Affairs Bureau
- Director General, Anti Corruption Commission
- Registrar, Department of Cooperatives
- Member, National Board of Revenue
- Director General, Bangladesh Post Office
- Chairman, Rajdhani Unnayan Kartipakkha (RAJUK)
- Member, Insurance Development and Regulatory Authority
- Member, Bangladesh Securities and Exchange Commission
- Executive Vice-Chairman, Micro Credit Regulatory Authority
- Registrar, Office of the Registrar of Joint Stock Companies and Firms
- Deputy Attorney General, Attorney General’s Office
- Joint Secretary, Financial Institutions Division, Ministry of Finance.
This committee works for ensuring coordinated institutional effort to implement the policies for combating money laundering and terrorist financing. The committee meets 3 times a year. The scopes of the Working Committee are:
- To adopt work plan for implementing policies and decisions taken by the National Coordination Committee;
- To prepare draft policies related to prevention of money laundering & terrorist financing and present the same to NCC.
- To ensure effective implementation of the adopted policies by related institutions;
- To strengthen inter-agency coordination and ease sharing of information among agencies; and
- To prepare report(s) for NCC and assist the committee.
- To form different Sub-committee as and when required.