Thai state bodies unite to curb money laundering via digital assets

[webfact]

Photo by John McArthur via Unsplash

 

In an unprecedented act of collaboration, five Thai state bodies are colluding to tackle illicit fiscal operations and money laundering across national frontiers, reveals Traisuree Taisaranakul, the deputy government spokeswoman, yesterday.

 

The cooperative pact encompasses the Royal Thai Police (RTP), the Revenue Department, the Securities and Exchange Commission (SEC), the Anti-Money Laundering Office (Amlo), and the Bank of Thailand (BoT).

 

Traisuree disclosed that the RTP has briefed the group on strides achieved in cooperating with its counterparts in the execution of tasks under Prime Minister Prayut Chan-o-cha’s policy. The policy is directed towards eliminating all forms of scams, inclusive of those propagated by call centre networks, and obstructing transaction routes initiated from border territories.

An agreement was reached on the fact that the culprits have been exploiting illegal digital asset platforms for peer-to-peer transactions in the course of business and currency exchanges along national boundaries. This conduit could potentially be used to launder money and transfer illegally earned money to foreign nations.

 

by Mitch Connor

Photo by John McArthur via Unsplash

 

Full story: https://thethaiger.com/news/national/thai-state-bodies-unite-to-curb-money-laundering-via-digital-assets

 

-- © Copyright Thaiger 2023-07-27

 

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[stoner]

so many canadian money shots in that pic. who in their right mind would want to launder canadian dollars ? haha

[sammieuk1]

Out of the scamming pot and into the hands of these professionals is todays side splitter ????

 

 The cooperative pact encompasses the Royal Thai Police (RTP), the Revenue Department, the Securities and Exchange Commission (SEC), the Anti-Money Laundering Office (Amlo), and the Bank of Thailand (BoT)

[Jenkins9039]

Nature of P2P is interesting, i.e if its not Thai citizens then P2P overseas and into a Thai bank will be routed via TradFi.

 

If P2P to Crypto to Fiat via say Binance then i'm not entirely sure how they are going to determine unless Binance is doing some form of CRS.

 

As for Exchange (Satang, Bitkub etc) I'd imagine this is screened already.

[Lucky Bones]

Colluding? Really?

I think wrong word used.

Having said that, Thai politicians and Govt org's are generally guilty of some level of collusion that is quickly fixed with a brown envelope.????????

[hotchilli]

4 hours ago, webfact said:

The cooperative pact encompasses the Royal Thai Police (RTP), the Revenue Department, the Securities and Exchange Commission (SEC), the Anti-Money Laundering Office (Amlo), and the Bank of Thailand (BoT).

Rogues gallery.