BANGKOK, 15 March 2013 The Financial Action Task Force on Money Laundering (FATF) special committee will travel to Thailand next month to check if the country’s money laundering situation has improved before pulling it out of the blacklist.
Secretary-General of the Anti-Money Laundering Office (AMLO) Pol. Col. Sihanart Prayoonrat said the FATF would send specialists to Thailand from 7-8 May 2013 to prove that the country had enforced laws on anti-money laundering and dealt with its flaws in a concrete manner. If the specialists found that the country had improvements, Thailand might be withdrawn from the FATF’s list of countries at risk of money laundering by terrorist groups.
The FATF specialists will also meet with Thai Justice Minister Pol. Gen. Pracha Promnok to receive a confirmation that Thailand complies with the Anti-Money Laundering/Counter-Financing of Terrorism (AML/CFT) regulations. The FATF’s next plenary session is scheduled from 17-21 June 2013 in Oslo, Norway.