Cambodia Embarks on Anti-Money Laundering Training Initiative

The Kingdom of Cambodia is taking significant steps to combat financial crimes with a comprehensive anti-money laundering (AML) and combating the financing of terrorism (CFT) training program. This initiative aims to equip high-ranking officials from key government agencies and regulatory bodies with the necessary skills to effectively supervise AML/CFT practices in the country’s financial sector.

Comprehensive Training Program

The training program is specifically designed for:

• High-ranking officials from the Ministry of Finance
• Financial intelligence units
• Central banks
• Supervisory bodies
• Public-sector audit bodies

To participate, individuals must have at least three to five years of experience in implementing AML/CFT supervision strategies.

Course Objectives

Upon completion of the training course, participants will be able to:

Identify High-Risk Areas

• Understand the legal and regulatory framework necessary for effective risk-based supervision of financial institutions
• Identify high-risk areas based on specific risk factors such as:
  • Customers
  • Products/services
  • Geographical locations
  • Delivery channels

Develop Supervisory Strategies

• Develop and implement appropriate risk-based supervisory methodologies, tools, systems, and processes for regulated entities or sectors
• Formulate effective supervisory strategies, plans, and approaches based on the results of risk assessments
• Allocate supervisory resources accordingly

Training Format

Access to a reliable computer with internet connection is essential for participants. The training program may be conducted online or through a combination of online and offline sessions. The specific format has not been disclosed by authorities at this time.