Thailand: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism

International Monetary Fund

No 2007/376, IMF Staff Country Reports from International Monetary Fund

Abstract: This Detailed Assessment Report focuses on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for Thailand. The report discusses that Thailand has a legal framework in the Anti-Money Laundering Act 1999 (AMLA) around which the core elements of its AML/CFT regime are established. The AMLA criminalizes money laundering by reference to eight predicate offenses and establishes the Anti-Money Laundering Office (AMLO) as Thailand’s financial intelligence unit. It imposes some customer due diligence obligations on a wide range of financial institutions (FIs) and requires these FIs to report transactions to the AMLO.

Keywords: ISCR; CR; government agency; criminal offence; managing director; terrorist activity; private limited company; task force; penal code; CFT requirement; limited company; cash transaction; state enterprise; securities industry; CFT compliance; Anti-money laundering and combating the financing of terrorism (AML/CFT); Trade balance; Securities; Commercial banks; Legal support in revenue administration; Global; East Asia; Southeast Asia; South Asia; Central Asia (search for similar items in EconPapers)
Pages: 308
Date: 2007-12-04
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