DHAKA, Sept 11, 2022 (BSS) - A workshop was held with the participation of bKash officials on the “guidelines for trust fund management in payment and settlement services”. 

The workshop reiterated awareness on keeping the sanctity of ‘Trust Cum Settlement Account’ and focused on how to ensure security of customers’ money and retain their trust in mobile financial services, said a press release. 

This workshop made the participants aware about the obligation to open a Trust Cum Settlement Account (TCSA) in a scheduled bank and deposit the liability or customers’ money as a Trust Fund against equal amount or more than the e-money provided to the customers.

This session emphasized the guidelines as well as all the relevant instructions of Bangladesh Bank that are applicable to the service providers. 

Yesterday, the workshop was organized at a training institute in the capital and it was conducted by Anwar Ullah, Deputy Director of Payment Systems Department of Bangladesh Bank. 

More than 60 officials from various departments of bKash participated in this workshop.

‘Guidelines for Trust Fund Management in Payment and Settlement Service’ policy was presented in detail in the workshop. The DOs and DON’Ts of this policy were discussed elaborately. 

Attending the session, Major General Sheikh Md Monirul Islam (retd), Chief External and Corporate Affairs Officer of bKash said, “It is our solemn duty to protect the fund of our customers. Since its inception, bKash has sincerely abided by the rules and regulations of Bangladesh Bank regarding Trust Cum Settlement Account (TCSA). There has never been minute deviation from compliance practice for a single moment and bKash remains steadfast to maintain customers' fund in TCSA fully secured. This workshop will further encourage the practice of upholding rules and regulations among all bKash officials.”