On 23 September 2023, National Exchange Company marked a historic moment by celebrating its 20th Anniversary through a grand ceremony in Rome, Italy. This milestone represents two decades of trust, dedication, and unparalleled service to millions of expatriates living across Italy. Founded with the mission of providing fast, secure, and reliable remittance services, the company has successfully built a strong foundation based on transparency, customer satisfaction, and technological advancement.
The anniversary celebration served as a tribute to the extraordinary journey undertaken by the company. It was an occasion to reflect on the hard work, resilience, and unity that brought National Exchange Company to where it stands today. Thousands of remitters, partner agencies, diplomats, community leaders, and esteemed guests arrived from different regions of Italy to participate in the event, turning the venue into a gathering of pride, gratitude, and celebration.
A Grand Celebration in the Heart of Rome
The event was hosted in Rome, where distinguished guests and valued partners joined to celebrate the company’s continued progress. Guests were warmly welcomed with flowers and gifts, a gesture reflecting the company’s appreciation for their ongoing support. The beautifully decorated venue created an atmosphere of joy and dignity, setting a tone filled with reflection, recognition, and celebration.
The program officially began with a beautiful recitation from the Holy Qur’an. This spiritual beginning was followed by the national anthem and introductory remarks, creating a respectful and uplifting atmosphere. The early part of the evening set the stage for speeches, recognitions, and reflections that highlighted the company’s extraordinary evolution over the past two decades.
From the very beginning, it was evident that this was not just a corporate event—it was a gathering that symbolized the strong connection between the Bangladeshi diaspora in Italy and their homeland. For two decades, National Exchange Company has served as a vital remittance bridge between families separated by distance, allowing millions to support their loved ones back home. This celebration highlighted both the emotional and economic significance of that bond.
Honourable Guests Who Graced the Ceremony
The presence of distinguished guests made the event even more memorable. Presiding over the ceremony was the esteemed Chairman of National Exchange Company, Haji Mohammed Idrish Farazy, whose visionary leadership has defined the company’s progress since its inception. His dedication, strategic insight, and personal involvement have guided the organization through challenges, expansion, and continuous innovation. Alongside him, the respected Vice Chairman, Mr. Mohammad Jahangir Farazy, and Directors Mr. Ikram Farazy, Haji Abdul Wahab Fakir, Dr. Anower Farazy, and Mr. Babul Moral added significance to the ceremony with their presence and contributions.
The event was further elevated by high-profile diplomatic attendees. The Honourable Ambassador of Bangladesh in Italy, Mr. M. Shameem Ahsan, attended as the chief guest, acknowledging the crucial role of remittance in national development. His participation reflected the strong partnership between the Bangladeshi community and organizations that support their financial needs abroad. The ceremony also welcomed Mr. Jagath Wellawatte, Honourable Ambassador of Sri Lanka to Italy, and Ms. Humaira Azam, Managing Director and CEO of Trust Bank Limited, as special guests. Their presence demonstrated an international appreciation for the company’s commitment to excellence, compliance, and community service.
Honoured Senior Officials and Compliance Experts
The event honoured several key professionals whose dedication ensures that National Exchange Company operates with the highest standards of compliance, transparency, and risk management. These individuals include:
- Ezio Marocco, President – Advisor & Compliance
- Mr. Giovanni Amendola, Head of Anti–Money Laundering
- Mr. Thomas Kraicsovits, Internal Audit
- Mr. Giuseppe Alfieri, Compliance Responsible & Risk Manager
- Mr. Roberto Riccomagno, Risk Management Officer
- Mr. Consentino Valerio (President)
- Mr. Zenobio Pasquale
- Mr. Feresin Enrico
- Mr. Alberto Rinaudo
Alongside these respected members, many other officials of the company attended the event, contributing to its grandeur and success. Each of them played a vital role in strengthening the company’s regulatory framework and ensuring safe and secure operations across Italy. In recognition of their outstanding efforts, they were presented with honorary crests by the company, symbolizing appreciation for their continuous contributions.
Inspiring Speeches from Diplomatic and Industry Leaders
A central highlight of the event was the series of speeches delivered by the chief and special guests. Ambassador Mr. M. Shameem Ahsan praised National Exchange Company for its crucial role in supporting the Bangladeshi migrant workforce in Italy. He emphasized that remittances are a lifeline for Bangladesh’s economy and commended the company for ensuring fair rates, secure transfers, and a strong agent network across Italy.
Special guest Ms. Humaira Azam acknowledged the company’s strong approach to compliance and customer satisfaction, noting that such commitment is essential for long-term success in the financial services sector. She emphasized the importance of maintaining transparency, adopting digital innovation, and reinforcing customer trust—values that National Exchange Company has consistently upheld.
The speeches carried a clear message: remittance companies like National Exchange Company are pillars of economic stability for families and communities back home. The responsibility, dignity, and trust associated with remittance services were deeply appreciated by all attendees.
Praise for National Exchange Company
The distinguished guests highlighted the company’s significant contributions to the remittance industry and the expatriate community. Their key points included:
- Consistent delivery of fast, secure, and reliable remittance services
- Establishment of a vast network of agent points throughout Italy
- Dedication to compliance, transparency, and international regulatory standards
- Significant contributions to Bangladesh’s and other countries’ economies through formal remittances
- Exceptional customer service and strong community presence
These praises underscored the company’s commitment to excellence and its position as a trusted leader in Italy’s remittance sector.
Award Ceremony: Celebrating Remitters and Agents
One of the most anticipated parts of the event was the award ceremony, which celebrated the loyalty of remitters and the hard work of partner agencies. A special lottery system was arranged to honour those who consistently supported the company’s services. The award segment created excitement among the audience as winners were announced and invited to the stage.
The top 10 remitters who sent the highest remittance amounts through National Exchange Company received attractive prizes, including air tickets, iPhone 14 Pro Max devices, Samsung Galaxy S23 smartphones, and high-performance laptops. These awards symbolized the company’s heartfelt appreciation for the trust and loyalty shown by its valued customers over the years.
Similarly, 16 top-performing agencies from across Italy were honoured with prizes and crests. Their performance demonstrated outstanding service quality, customer engagement, and operational excellence. Recognizing their efforts reinforced the spirit of teamwork that continues to drive the company’s success.
Cultural Performances and Gala Dinner
To make the celebration even more memorable, the event included vibrant cultural performances that represented both Bangladeshi and Italian traditions. Artistic dances, musical segments, and cultural showcases captivated the audience and highlighted the shared cultural harmony between the expatriate community and the host nation.
The evening concluded with a lavish gala dinner, offering a range of diverse and exquisite dishes. It provided an opportunity for guests to relax, socialize, and share their experiences while appreciating the achievement of two successful decades.
An Emotional Reflection from the Chairman
The final and most heartfelt moment of the evening came when Chairman Haji Mohammed Idrish Farazy took the stage to reflect on the company’s journey. Overcome with emotion, he spoke about the challenges of the early years, the long nights of dedication, and the collective effort that brought the company to its current position. He expressed deep gratitude to all remitters, partner agencies, company officials, and the Bangladeshi community for their unwavering support.
He highlighted that the company’s success is built on the trust, love, and loyalty of millions of remitters who choose to send money through legal channels. The Chairman strongly urged everyone to avoid hundi, reminding the audience that illegal transfers harm both individuals and the nation. He reiterated the company’s long-standing message: “Say No to Hundi”—a principle that reflects National Exchange Company’s commitment to safe, transparent, and lawful remittance practices.
He concluded his speech with prayers for continued strength, unity, and prosperity for the expatriate community, reaffirming the company’s promise to serve them even better in the years to come.
20 Years of National Exchange Company: A Legacy of Trust and Service
For the past two decades, National Exchange Company has grown into one of Italy’s most trusted money transfer institutions. Founded in 2003 and operational since April 2004, it has expanded from a small startup into a nationwide network of over 1,000 agents, serving millions of expatriates who send money to more than 90 countries worldwide. The company is known for providing fast, secure, and smooth money transfer services, ensuring every transaction is reliable and hassle-free.
Throughout its journey, National Exchange Company has remained fully compliant under the strict oversight of the Bank of Italy and adheres to all Anti-Money Laundering (AML) regulations. This commitment to compliance and transparency has earned the trust and confidence of its customers, supported by a dedicated 24/7 customer care team.
Guided by its mission to be the most preferred brand in money transfer, foreign exchange, and payment solutions, the company continues to innovate with simplicity and customer focus at its core. Looking ahead, National Exchange Company aims to expand across Europe and evolve into a leading global non-banking financial institution.
Celebrating 20 years of excellence, the company stands on a legacy of trust, dedication, and exceptional service—ready to shape an even brighter future for the global remittance community.
Looking Ahead to a Promising Future
As the company steps into its next chapter, National Exchange Company is committed to enhancing its services through digital innovation, advanced technology, and customer-focused improvements. Plans are underway to strengthen agent networks, introduce new remittance solutions, and continue contributing to Bangladesh’s formal financial system.
With a renewed commitment to excellence, the company remains dedicated to supporting expatriate families, facilitating smooth money transfers, and upholding the highest level of trust.