Financial Committee conducts large-scale reinforcement centered on on-site anti-money laundering education cases

The Financial Committee’s Financial Information Analysis Institute has decided to strengthen anti-money laundering education this year, focusing on on-site case studies. This measure is in response to changes in the global financial environment and the increasing demand for practical, customized training.

The Financial Information Analysis Institute plans to reorganize its educational system around real-world money laundering issues, such as cases in Cambodia. Particularly for industries like venture capital, which have limited educational experience, the plan is to incorporate specialized case studies into industry training courses to raise awareness of anti-money laundering efforts. Additionally, a revised version of the “Suspicious Transaction Reference Types” will be released in the first half of this year to clarify standards for determining violations.

To improve the effectiveness of education, the institute has decided to introduce an accreditation system for excellent training courses and implement professional assessments. There are also considerations to offer incentives to those who obtain certification. These measures are interpreted as efforts to reduce superficial attendance and to achieve substantive educational outcomes.

Although last year’s anti-money laundering training exceeded the recommended duration, there has been criticism that participation from the board and management levels was relatively low. Some have suggested the need to develop strategies to increase engagement among responsible personnel.

Experts expect these efforts to strengthen the financial sector’s anti-money laundering capabilities in the medium to long term. An enhanced educational system will promote voluntary industry improvements and awareness shifts, thereby contributing to increased international financial stability.