Financial Crime World

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Internal Audit Financial Crime in Thailand: A Growing Concern

Thailand’s financial sector has been grappling with the issue of internal audit financial crime, as reported by various job postings on online platforms. The trend suggests that banks and financial institutions are increasing their efforts to prevent and detect fraud, money laundering, and other illicit activities.

Job Postings Indicate Growing Concerns

A close analysis of the job postings reveals that companies are looking for professionals who can identify best practices, guidelines, and approaches to prevent fraud. They also want candidates who can implement effective strategies to develop fraud management processes.

Some key requirements mentioned in job listings include:

  • Expertise in areas such as:
    • Fraud strategy
    • Fraud process improvement
    • Anti-money laundering (AML)
    • Compliance
  • A combination of technical knowledge, analytical skills, and experience in managing teams

International Banks Take Notice

The trend is not limited to local banks; international institutions are also recruiting professionals with AML/CFT knowledge and skills. One job posting requires proficiency in both English and Thai languages, as well as an understanding of Thailand’s AML/CFT laws and regulations.

Bangkok-based Positions

Many job postings specify Bangkok as the preferred location, although some roles may require occasional travel to other parts of the country, such as Rayong.

Salaries Reflect the Importance of the Role

Job listings indicate that companies are willing to pay competitive salaries for professionals with the right skills and experience. Salaries range from ฿20,000 to ฿120,000 per month, depending on the position and qualifications.

Conclusion

The growing trend of job postings in internal audit financial crime highlights Thailand’s increasing focus on preventing and detecting illicit activities within its financial sector. As companies seek experts in this field, professionals with the right skills and experience can expect competitive salaries and a fulfilling career.