The Compliance Department of Farmers Development Bank Ltd. (Mandalay) conducted a training on preventive measures related to Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF). The training aimed to enhance knowledge and awareness with regards to “Training on Unlocking Suspicious Transaction Reporting (STR). The session was held on 26 February 2026 from 10:00 AM to 4:00 PM at the Hlaing Tharyar Branch Training Hall by dual system. A total of 26 participants attended the training which comprised of Branch Managers, frontline tellers and branch staff from Mandalay, Yangon and Mawlamyine branches. During the training, frontline staff who were regarded as the first line of defense were provided with the necessary knowledge and guidance on how to prevent and identify customers who might be using the Bank as a channel for money laundering, terrorism financing, and other financial crimes. It is crucial for the bank to maintain good reputation as a financial institute. All the participants were taught on transaction reporting on red-flag indicators and suspicious transactions / activities. This would enable them to file Suspicious Transaction Reports (STRs) in accordance with the Bank’s established STR Standard Operating Procedures (SOP). Furthermore, this would also ensure the submission of good standard STRs to the relevant supervisory authorities aligning with their regulatory requirements. The training included case studies, team discussions on suspicious transaction detection, and related practical knowledge. The training was conducted by the Head of the Compliance Department and the compliance officer in charge of Transaction Monitoring (TM). It was an interactive session in which all the constructive questions asked by the participants were discussed and well addressed by the Compliance department. The training program was successfully completed at 4:00 pm.
