National Bank Ltd., Dhaka, Bangladesh has acquired 100% ownership of NBL Money Transfer Ltd, Singapore, as a wholly owned subsidiary of National Bank Limited in July 2007 previously known as Balaka Exchange Pte Ltd. The company went into operation in September 1999, under the management of our Bank. Within this span of time, it has attained a tremendous growth in business volume and profitability as well. At present NBL Money Transfer Pte Ltd having its Main Office in 10A Roberts lane (Off Serangoon Road),and Two Branch office at Jurong and Tuas . Singapore is rendering money transfer services to the Bangladeshi nationals living and working in Singapore. The company is managed & served by officers and executives deputed from the regular officials of National Bank Ltd and local Singapore citizen. As such they are professionally well trained and conversant in Anti Money Laundering & Counter Finance to Terrorist policies & regulations prevailing in Bangladesh as well as in Singapore. The software used to operate & transact the business named as “NBL Quick Pay”
is developed by National Bank Ltd.. It is ISO certified automated web based system which incorporates tracking system of information any time as and when required. It is compatible with Monetory Authority of Singapore’s AML/CFT standards. Information once recorded in the system remains available upto 6 ( six ) years. Suspicious transactions are monitored and screened as per the policy of the company. In essence, the company not only focuses on business development but gives high priority to compliance and house keeping
