Anti-Money Laundering and Counter Terrorism Financing (AML/CFT) Policy

Bangkok Bank aims to prevent the risk of involvement in money laundering or providing financial support to terrorists or weapons of mass destruction. Fully recognizing the importance of these risks and their potential impacts on the society as well as its own operations, the Bank develops the anti-money laundering and counter terrorism financing policy (AML/CFT policy) and relevant guidelines in line with the regulations regarding anti-money laundering, counter terrorism, and financing the proliferation of weapons of mass destruction and international standards.* The AML/CFT policy includes the following topics:


  • Customer On-boarding Policy
  • Risk-based Approach to AML/CFT
    • AML/CFT Risk Assessment
    • AML/CFT Risk Management
    • Customer Due Diligence
    • Enhanced customer due diligence for high risk customers, including politically exposed persons
    • Senior management review and sign off for high risk customers, including politically exposed persons
  • Sanctions Screening
  • Ongoing Monitoring of Customers
  • Reporting
  • Record Retention
  • Training
  • Independent Assessment

Note: *Weapons of mass destruction are chemical, biological, radiological, or nuclear weapons capable of a high order of destruction or causing mass casualties and include the means of transporting or propelling the weapon where such means is a separable and divisible part from the weapon.

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