Mr. Phaiboun Phongsavanh, CAMS: The Noble Goal of Financial Inclusion

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aCAMS Today sat down with Mr. Phaiboun Phongsavanh, CAMS to discuss Laos’ efforts toward anti-money laundering/counter-terrorist financing (AML/CTF) compliance and Phongsavanh Bank’s mobile money project. Mr. Phaiboun Phongsavanh is the CEO of Phongsavanh Bank in Vientiane, Lao People’s Democratic Republic (PDR). He oversees the direction and operations of the bank with a focus on regulatory compliance. Mr. Phongsavanh engages with international investment banks to set up correspondent banking relationships as well as implement the digital banking transformation that includes internet banking and mobile money. The project hopes to allow the rural populations more financial inclusion and access to the essential components of modern banking. He has a bachelor’s and a master’s degree from Monash University in Melbourne, Australia.

Alison Jimenez, CAMS, president, Dynamic Securities Analytics, Inc., Tampa, FL, USA, ajimenez@securitiesanalytics.com

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