เงินฝากกระแสรายวัน รวดเร็ว ตอบทุกโจทย์ธุรกิจ
Corporate Governance
Krungthai Bank..
Roots of Stability
Corporate Governance AML/CFT
Anti-Money Laundering and Counter-Terrorism and Proliferation of Weapon of Mass Destruction Financing: AML/CTPF

Money laundering, terrorism, and the proliferation of weapons of mass destruction are crimes that pose a serious threat to the economic, social, and security systems of the nation as well as the international community. Criminals have relied on banks as a means of committing such crimes. Many countries have given importance to and cooperate in formulating solutions to this problem in order to break the cycle of such crimes. In this regard, an international organization named the Financial Action Task Force (FATF) has established international AML/CFT measures called ‘The Forty Recommendations’ in an attempt to be as guidelines for countries in the enactment of their internal legislation.

Krungthai Bank PCL has taken into account the importance of AML/CTPF legal proceedings and is committed to preventing the Bank from being used as a channel for money laundering. Therefore, AML/CTPF policies and operating regulations have been established in the following matters:

1. AML/CTPF Risk Assessment of the Bank

The Bank provides the internal AML/CTPF risk assessment and management in order to know and prepare measures to prevent and mitigate AML/CTPF risks.

2. AML/CTPF Internal Audit

The Bank has an independent internal audit process to review the operations and compliance with AML and CTPF laws, and summarizes the results of internal audits for submission to the Audit Committee.

3. Checking the list of designated persons

The Bank requires that information about customers and their related persons be checked against the list of designated persons before establishing a relationship or conducting transaction with the Bank until the relationship with the Bank is terminated. If it is found that the customer has the identical information with the designated person list, the Bank must refuse to establish a relationship/ terminate the relationship/transactions with the Bank.

4. Know Your Customer: KYC

The Bank requires customers to provide information and proof of identity to authenticate the validity of their existing identity information before establishing a relationship or conducting transactions, including verifying that customers are the genuine owner of the information and evidence.

5. Customer Due Diligence: CDD

The Bank is required to carry out Customer Due Diligence (CDD) to know the facts about the customer and the ultimate beneficiary owner before establishing a relationship or conducting transactions until the customer terminates the relationship with the Bank, including conducting risk assessment and management of every customer from the establishment of business relationship until the termination of relationship with the Bank.

In addition, the Bank is required to update/review customer information used for identity verification and to monitor their CDD information to be up-to-date continuously. This process must be periodically conducted until the business relationship with the customer is terminated.

6. Monitoring and Tracking Customer Financial Movements or Transactions

The Bank requires that financial movements or transactions of all customers be monitored and tracked from the establishment until the termination of the business relationship.

7. Transaction Reporting

The Bank requires that the transactions that meet the limit as prescribed by law and that are suspicious be reported with accurate and complete information as well as within the specified timeframe.

8. Data Retention

The Bank requires that all information and evidence of identity verification as well as Customer Due Diligence and transactions be kept entirely within the period specified by law.

9. Training

The Bank requires its executives and employees to attend AML/CTPF training as required by law.