Money laundering is a serious issue for businesses in today's world. Effective anti-money laundering training is essential for AGD bank to protect against financial crime and comply with Central Bank of Myanmar regulations.

It is important for AGD bank to give anti-money laundering (AML) training as a part of due diligence for businesses, as it helps to minimize the risk of criminal activity and financial losses. Customer Due Diligence (CDD), Know Your Customer (KYC) & Enhance Due Diligence (EDD) are key elements of any effective AML training program and help organizations identify, assess and mitigate the risks of money laundering and terrorist financing. With proper AML training, AGD bank can ensure that these processes are conducted in a timely and efficient manner, minimizing the risk of money laundering and terrorist financing.
These trainings are provided to our bank’s employees, branch staffs to stay compliant with Central Bank of Myanmar (CBM) regulations to detect, report and prevent suspicious activities. The training agenda is as follows:

• Introduction - AML & CTF (Anti Money Laundering & Combating Terrorist Financing)
• Introduction - FATF & APG (Financial Action Task Force & Asia / Pacific Group on Money Laundering)
• Stages & Practices
• Financial Crime Risk (FCR) Management - Lifecycle
• KYC, CDD, and EDD processes (Know Your Customer, Customer Due Diligence, and Enhance Due Diligence)
• PEPs (Politically Exposed Persons)
• TTR and STR (Threshold Transactions Report & Suspicious Transaction Report)
• Reporting Bodies and Channels
• Operating Model of FCR (Financial Crime Risk)

Providing staff with appropriate anti-money laundering and countering the financing of terrorism training is necessary to ensure everyone within AGD bank understands their responsibilities when it comes to mitigating any risks associated with terrorist financing.