About A Insurance

Building trust and protecting what matters most to you

Anti-Money Laundering / CFT

Pillar of Trust & Regulatory Integrity

Our AML/CFT framework is embedded across underwriting, claims, and distribution channels. We exceed regulatory standards to safeguard the financial system.

Customer Due Diligence

Enhanced procedures for PEPs and high-risk customers.

Transaction Monitoring

24/7 AI-driven anomaly detection systems.

Regulatory Reporting

STR submissions within mandatory timelines.

Risk Assessment

Annual insurance sector risk typology review.

CFT integrated into sanctions screening & frozen asset protocols.

AML/CFT Insurance Controls

Risk-based approach across product, territory and distribution.
Beneficial ownership identification for corporate policyholders.
Mandatory AML training for underwriters and brokers.
Independent annual AML/CFT audit.
OFAC and UN sanctions screening for payments.
Confidential suspicious activity reporting channel.

FATF aligned · JMLSG guidance · Insurance Core Principles

Our Commitment

"A Insurance strictly adheres to the FATF recommendations to combat money laundering and terrorist financing. We implement robust Due Diligence (CDD) and constant monitoring to ensure a secure financial environment."

Zero tolerance for financial crimes and fraud.
Continuous screening against global sanction lists (UN, OFAC).
Transparent reporting to financial intelligence units.

Risk Governance

Risk governance is A bank's approach to risk management. Risk governance –

● Applies the principles of sound governance to identification, measuring, monitoring and controlling of risks,
● Ensures that risk-taking activities are in line with bank's strategy and risk appetite and
● Covers all material risk categories applicable to A bank.

To manage A bank's risk effectively, board of directors and senior management:

● Build and reinforce A bank's risk culture.
● Articulate and monitor adherence to A bank's risk appetite.
● Establish A bank's risk management architecture with three lines of defense to identify, measure, monitor and control risks.

Board of directors oversees the design and implementation of A bank's risk governance. Risk Management and Compliance Committee develops and maintains the framework, which enables senior management to effectively identify, measure, monitor and control risk exposures consistent with the board of directors supported risk appetite.

Whistle Blowing

Foundation of transparency, accountability, and responsibility.

Purpose

Ayeyarwaddy Farmers Development Bank Limited practices banking services with a strong foundation of transparency, accountability, and responsibility. If employees at A Bank have strong evidence that there is unethical conduct such as malpractice, misconduct, or conspiring by an A Bank employee, it is to be reported to the authority.

Eligibility

All full-time employees, contractors, and part-time employees of any position employed by Ayeyarwaddy Farmers Development Bank Limited are eligible.

Whistle Blowing Procedures

The whistleblower will report to the human resource department or the CEO. After the report is received the following procedures will be undertaken:

If the report is submitted to the human resource department head, he or she will report to the CEO
If the CEO accepts the report, he or she will form an investigative committee with appropriate personnel and assign the investigative task.
The investigative committee has the power to investigate and enquire anyone related to the case as necessary. The committee will collect the necessary evidence, witnesses, and statements.
The investigative committee will report the investigation findings to the CEO as soon as they are ready.
If the case requires a punishment according to the bank management policy, the CEO will decide the punishment to the responsible parties.
If the punishment according to the bank management policy is deemed not sufficient, the CEO will consult with law experts and with the approval from the bank president, will take legal actions.

Reporter's Responsibilities

The reporter must follow these guidelines:

The reporter must follow these guidelines.
The reporter must include his or her full name.
The case being reported must be true and there must be evidence.
The reporter must not report in order to deliberately ruin another party's livelihood.
The reporter must act as a witness during the investigation or during legal actions.

Cases to Whistle Blow

The following cases shall be reported to whistle blow:

Abusing or stealing the bank's properties for personal benefit.
Abusing one's position and authority or rights, bullying, and abusing one's power.
Contacting or treating bank customers with ill intentions.
Accepting expensive gifts from the bank's Stakeholders (Customers, Clients, Candidates) for personal benefit.
Breaking the bank's policies, sharing the password to outsiders.
Sharing bank secrets with unrelated parties (via mail, email, phone, or social media).

Protection for the Whistle Blower

The whistleblower is protecting the bank and he or she and the reported case will be kept anonymous at different levels of clearance. The name and biographical details of the whistleblower will be kept confidential until the investigation begins.

Harassment

Sustainability and Responsibility to Society

Our Commitment

Established eight years ago as the Ayeyarwaddy Farmers Development Bank (A bank) is committed to conducting business responsibly and fairly for the benefit of society, and aims to strengthen the financial and banking system of Myanmar, while helping drive the economy to stability and prosperity, uplifting the nation’s quality of life.

Our Strength

A Bank do understand that its endurance and constancy is a result of devotion from employees, trust from customers, alliance from partners and support from shareholders. These are vital forces that led to Bank to remained committed to conducting business responsibly and continued to create values to society.

Social Responsibility

For A Bank, sustainability and responsibility to society not only mean delivering satisfactory returns to shareholders, but also binding the ability to effectively respond to customer needs, taking care of employees, supporting partners and suppliers while improving the wellbeing of society and the environment, in hope to create comprehensive evolution. (Thus, our Board of Directors have formulated long term strategy focusing on key Line of Businesses.)

Flexible Strategy

We will be flexible in the delivery of our strategy, effectively prioritizing across competing demands, while safeguarding delivery of our fundamental work, and responding to changes in the external environment.