ATM: an automated teller machine also known as automated banking machine, cash machine, cash point. It is an electrical communication device that unable the customers of a financial institution to perform financial transactions like cash with drawer without a human cashier. On most modern ATM, and is

 the customer is identified by inserting a plastic ATM card with a magnetic stripe or a plastic smart card with a chip that contains a unique card number and some security information such as an expiration date or CVVC (CVV). Authentication is provided by the customer entering a personal identification number (PIN).

MONEY LAUNDERING ACT:

The process of creating the appearance that large amounts of money obtained from serious crimes, such as drug trafficking or terrorist activity, originated from a legitimate source.
First anti-money laundering legislation of the country is Money Laundering Prevention Act, 2002, which was effective from 7th April,2002 to 14th April,2008. It was replaced by the Money Laundering Prevention Ordinance on 15th April,2008; subsequently, the ordinance was passed by the national parliament and Money Laundering Prevention Act,2009 was enacted giving effectiveness from 15th April, 2009 (Gazette Notification:24th Feb,2009).

The multinational bank’s Dhaka officials have been asked to come to the Bangladesh Bank (BB) on Thursday.

“Recent media reports claim that a lot of people siphoned money out of the country through HSBC Bank to evade tax that's why they were summoned by Bangladesh bank.

                                                  Clearing House (Banking)

Clearing is the process of collection of proceeds of instruments of different banks by a collecting bank through some systematic procedures with the involvement of Central Bank.

Types of clearing instruments:

• Cheques (CD, SB, Loan)
• Demand Draft
• Payment Order
• Others                     

Bangladesh automated clearing house is clearing house of BD affiliated  with Bangladesh bank.

MOBILE BANKING

Mobile banking is a term used to refer to systems that allow customers of a financial institution to conduct a number of financial transactions through a mobile device such as a mobile phone or tablet.

Mobile banking differs from mobile payments, which involve the use of a mobile device to pay for goods or services 

he earliest mobile banking services were offered over SMS, a service known as SMS banking. With the introduction ofsmart phones with WAP support enabling the use of the mobile web in 1999, the first European banks started to offer mobile banking on this platform to their customers.

Now more the 20 million of people of Bangladesh are the user of Mobile Banking service since its beginning at early 2008.

                                                             Agent Banking

1. Agent banking is the provision of financial services to customers by a third party (agent) on behalf of a licensed deposit taking financial institution and/or mobile money operator (principal)..

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Merchant Bank

1. A merchant bank is a financial institution that provides capital to companies in the form of share ownership instead of loans. A merchant bank also provides advisory on corporate matters to the firms in which they invest. In the United Kingdom, the term "merchant bank" refers to an investment bank.
2. AB bank, Dutch Bangla Bank are the example of investment bank of bangladesh.
3.                                                 Online Banking 
4. Online banking (OLB) is an electronic payment system that enables customers of a financial institution to conduct financial transactions on a website operated by the institution, such as a retail bank, virtual bank, credit union or building society. Online banking is also referred as Internet banking, e-banking, virtual bankingand by other terms.
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IMF

The International Monetary Fund (IMF)  is an international organization headquartered in Washington, D.C., in the United States, of 188 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

Credit Monitoring

A system that monitors a consumer’s credit reports for signs of possible fraud. Credit monitoring services notify consumers when new information, such as a new account or credit inquiry, shows up on one or more of their credit reports. The consumer can then follow up and make sure the new information is legitimate. Consumers can also use a credit monitoring service to keep track of their credit scores, a feature that can be useful for someone who plans to apply for a mortgage or other credit-based loan in the next few months to a year.
It can either done manually or by SMART CREDIT software.

 Notary public

1. A notary public (sometimes called a notary or a public notary) is an individual authorized by state or local government to officially witness signatures on legal documents, collect sworn statements and administer oaths. He or she uses an embossing tool to verify his or her presence at the time the documents were signed. 

   An attorney or other public figure can be granted notary public status, but no legal training is required to apply for the position. 

   

What is the difference between CRR and SLR?

• Both CRR and SLR are instruments in the hands of RBI to regulate money supply in the hands of banks that they can pump in economy

• CRR is cash reserve ratio that stipulates the percentage of money or cash that banks are required to keep with RBI

• SLR is statutory liquidity ratio and specifies the percentage of money a bank has to maintain in the form of cash, gold, and other approved securities

• CRR controls liquidity in economy while SLR regulates credit growth in the country

• While banks themselves maintain SLR in liquid form, CRR is with RBI maintained as cash.

1. Cash Reserve Ratio is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves with the central bank.
2. Statutory liquidity ratio (SLR) is the Bangladeshi government term for reserve requirement that the commercial banks in India require to maintain in the form of gold, government approved securities before providing credit to the customers.
3. The CELS ratings or Camels rating is a supervisory rating system originally developed in the U.S. to classify a bank's overall condition. It's applied to every bank and credit union in the U.S. (approximately 8,000 institutions) and is also implemented outside the U.S. by various banking supervisory regulators.
4. The components of a bank's condition that are assessed:

   • (C)apital adequacy
   • (A)ssets
   • (M)anagement Capability
   • (E)arnings
   • (L)iquidity (also called asset liability management)
   • (S)ensitivity (sensitivity to market risk, especially interest rate risk)
5. Basel II is an international business standard that requires financial institutions to maintain enough cash reserves to cover risks incurred by operations. The Basel accords are a series of recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision (BSBS).
6. A general lien will attach to any and all real estate. It must be paid (cleared) before one can buy or sell property, or borrow money using real estate as collateral. Many lenders will not grant any kind of loan if there is a general lien showing on a credit report. 
   
   A specific lien is attached to a specific piece of collateral, such as a car or boat.