FATF removes Thailand from its “black list” of countries at severe risk of hosting money laundering

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BANGKOK, 27 February 2013  The Anti-Money Laundering Office (AMLO) reveals that the Financial Action Task Force (FATF), an Inter-governmental body combating money laundering and terrorist financing, has resolved to remove Thailand from its list of countries severely at risk of hosting money laundering or monetary support for terrorism.  Police Colonel Sihanat Prayunrat, the secretary-general of the AMLO, said the removal was in response to Thailand’s comprehensive enacting of additional laws against money laundering and funding of terrorism, as well as supplemental laws. A delegation of experts from the FATF will visit Thailand in May to evaluate and confirm Thailand’s enforcement of these laws as well as matters that relate to suppression of money laundering and funding of terrorism. The findings by the delegation will be presented to the FATF meeting in June, which would lead towards an official de-listing of Thailand from the list.