On 09 March 2023, a high-profile and ceremonial event dedicated to promoting remittance transfers through legal channels was jointly organized by National Exchange Company SRL and NCC Bank Limited in Rome, Italy, marking a significant milestone in strengthening financial cooperation between Italy and Bangladesh.
The program was led by the Honorable Chairman of National Exchange Company SRL, Mr. Haji Mohammed Idrish Farazy, whose visionary leadership continues to play a pivotal role in promoting secure and lawful remittance flows. The event was further elevated by the presence of the Chief Guest, the Honorable Ambassador of Bangladesh to Italy, Mr. M. Shameem Ahsan, reflecting strong diplomatic and institutional support for increasing remittance inflows through formal banking channels. 
Distinguished Participation from Banking and Diplomatic Leaders
The meeting was attended by several high-ranking officials from NCC Bank Limited, reflecting the bank’s strong commitment to remittance sector development. Among the honorable guests were Mr. Md. Abul Bashar, Chairman of NCC Bank Limited; Mr. S. M. Abu Mohsin, Honorable Director; and Mr. Md. Moinuddin, Honorable Director. Their participation underscored the importance of strategic collaboration between banking institutions and exchange companies to safeguard expatriate earnings.
The program also featured prominent special guests, including the Honorable Managing Director and CEO of NCC Bank Limited, Mr. Md. Mamdudur Rashid; Honorable Director of National Exchange Company and Honorable Chairman of NEC Money Transfer Limited (UK), Mr. Ikram Farazy (CIP); and the EVP and Head of Remittance and NRB Services of NCC Bank Limited, Mr. Md. Mahfuzur Rahman. Their presence added substantial professional insight into the discussion on expanding remittance services and improving customer experience for non-resident Bangladeshis.
Presence of Embassy Officials and Industry Professionals
Representatives from the Bangladesh Embassy in Italy further enriched the meeting, including Mr. Md. Al-Amin, Economic Counselor, and Mr. Asif Anam Siddique, First Secretary (Labour Welfare). Their attendance emphasized the embassy’s continued support for initiatives encouraging migrant workers to use legal remittance channels for the benefit of both individuals and the national economy.
Senior executives and officials of National Exchange Company SRL were also present, including Mr. Ezio Marocco, President; Mr. Giovanni Amendola, Responsible Anti-Money Laundering Officer; Mr. Giuseppe Alfieri, Compliance Responsible & Risk Manager; Mr. Roberto Riccomagno, Company Accountant & Auditor; and Mr. Iqbal Hasan, General Manager. The presence of compliance and risk management leaders highlighted the company’s firm commitment to transparency, anti-money laundering standards, and international regulatory compliance.
Additionally, senior officials and respected agents of National Exchange Company attended the program, demonstrating the company’s strong operational network across Italy.
Engagement with the Bangladeshi Community in Italy
The event was further graced by distinguished guests from the Bangladeshi community in Italy, including Mr. Md. Shahadat Hossain Saju, Honorable Managing Director of Popular Travels and Tours, and Mr. Hasan Iqbal, along with respected political, social, and community leaders from various sectors. Their participation reflected the collective interest in promoting safe, reliable, and legal remittance solutions for expatriate Bangladeshis.
Recognition of Outstanding Contributions to Remittance Services
A key highlight of the program was the exchange of crests as a mark of appreciation and recognition. National Exchange Company SRL presented crests to the Honorable Ambassador of Bangladesh to Italy for his special contribution to increasing remittance inflows through legal channels. Crests were also awarded to the honorable officials of NCC Bank Limited in recognition of their outstanding role in developing remittance services.
From the bank’s side, NCC Bank Limited presented crests to the Honorable Ambassador, as well as to the Honorable Chairman and Directors of National Exchange Company SRL, acknowledging their leadership and long-standing contribution to the remittance sector. NCC Bank Limited officially praised National Exchange Company SRL as the highest remittance-collecting company, further reinforcing its reputation as a trusted remittance service provider.
Commitment to Expatriates and National Economic Growth
In his brief but impactful speech, Mr. Haji Mohammed Idrish Farazy, Honorable Chairman of National Exchange Company SRL, expressed his sincere gratitude to NCC Bank Limited for its continuous support and enhanced services in the remittance sector. He reaffirmed the company’s unwavering commitment to ensuring maximum benefits for expatriates by providing fast, secure, and legal remittance services.
He also emphasized that strengthening formal remittance channels not only protects migrant workers’ hard-earned money but also plays a crucial role in boosting Bangladesh’s national economy. Mr. Chairman proudly noted that National Exchange Company SRL has received consecutive awards from the Government of the People’s Republic of Bangladesh for being the highest remittance collector for five consecutive years (2014–2018). He dedicated these prestigious awards to the valued customers whose trust and loyalty made this achievement possible.
A Shared Vision for the Future
The Rome discussion meeting concluded with a shared vision between National Exchange Company SRL and NCC Bank Limited to further enhance cooperation, expand remittance services, and encourage the use of legal and transparent remittance channels. This collaborative initiative stands as a strong example of how financial institutions, diplomatic missions, and community leaders can work together to empower expatriates and support sustainable economic development.