IMF Staff Country Reports

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

December 4, 2007

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Thailand: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2007) accessed September 18, 2024

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.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Commercial banks, Crime, Financial institutions, International trade, Legal support in revenue administration, Revenue administration, Securities, Trade balance

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Cash transaction, Central Asia, CFT compliance, CFT requirement, Commercial banks, CR, Criminal offence, East Asia, Global, Government agency, ISCR, Legal support in revenue administration, Limited company, Managing director, Penal code, Private limited company, Securities, Securities industry, South Asia, Southeast Asia, State enterprise, Task force, Terrorist activity, Trade balance

Publication Details

  • Pages:

    308

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2007/376

  • Stock No:

    1THAEA2007002

  • ISBN:

    9781451969429

  • ISSN:

    1934-7685