Thailand boosts cooperation in fighting money laundering

Thailand boosts cooperation in fight against money laundering

Thailand's Anti-Money Laundering Office (AMLO) said on September 6 that it is expanding international efforts to cope with sophisticated money laundering through its cooperation with countries in the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).

Friday, September 06, 2019 18:00

Hanoi (VNA) - Thailand's Anti-Money Laundering Office (AMLO) said onSeptember 6 that it is expanding international efforts to cope withsophisticated money laundering through its cooperation with countries in theBay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation(BIMSTEC).

Acting AMLO Secretary-GeneralPol Maj Gen Preecha Charoensahayanont told the media that money laundering isbecoming more complicating as terrorist groups have access to financial sourcesthat requires harder efforts of authorities to examine.

Preecha saidAMLO has reached concrete agreements in combating money laundering at the 11thmeeting of the BIMSTEC Sub-Group on Anti-Money Laundering and Combating theFinancing of Terrorism (BIMSTEC SGAML-CFT).

The meetingsaw the attendance of delegates from Bangladesh, Bhutan, India, Myanmar, Nepal,Sri Lanka and Thailand.

AMLO is anindependent governmental agency. It has the status of a department functioningindependently and neutrally under the supervision of the Minister of Justice,but is not part of the Ministry of Justice.-VNA

VNA

#money laundering #Thailand's Anti-Money Laundering Office #Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation #Thai Minister of Justice #updated Vietnam news #Vietnamplus #Vietnam News Agency

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