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

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 376

Publication date: December 2007

ISBN: 9781451969429

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Investments and Securities-General , Public Finance , 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

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Nepal

Peru

Republic of Congo : 2001 Article IV

Summary

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.