Thailand Presses On To Get Off Money Laundering Blacklist

[webfact]

Thailand presses on to get off money laundering blacklist
By English News



BANGKOK, April 11 – Thailand is set to announce the first batch of 100 “terrorists” in an attempt to be removed from a blacklist by a global intergovernmental organisation, the Thai justice minister said today.

Pracha Promnok said the government will actively enforce two recently-passed pieces of legislation on money laundering and financing terrorism and make public the names of those implicated in financial support for terrorists.

The move is in compliance with the global network Financial Action Task Force (FATF) which will assign a team of experts to Thailand next month to check if the country has fully implemented the laws which involve coordinated actions by 135 state agencies.

The team will submit its findings to the FATF meeting in Norway in June when a decision is expected on whether Thailand will be removed from the “grey list.”

Sihanart Prayoonrat, secretary general of the Anti-Money Laundering Office, said over 4,000 people are on the government’s watch list while the first group of 100 people will be publicly named later this month.

He said the government’s suppression of money laundering and terrorism financing will continue nationwide including the three provinces in Thailand’s restive South which have reported money transactions at unusually high level.

Transactions in the three provinces are over Bt1 billion higher than in the border trading provinces of Ranong opposite Myanmar and Sa Kaeo on the Thai-Cambodian border, he said. (MCOT online news)


-- TNA 2013-04-11

[KBAA]

Thats only prove that the fighting in south is also about smugling of goods etc.

[Thaddeus]

Sihanart Prayoonrat, secretary general of the Anti-Money Laundering Office, said over 4,000 people are on the government’s watch list while the first group of 100 people will be publicly named later this month

I wonder how much it will cost to stay off that list.

[clockman]

They should never be removed, until evidence of transparency! pigs might fly!

[apalink_thailand]

So they are going to name 400 names of bankers? How exciting.

[bigbamboo]

That's the way. If Thailand makes a real effort to clean up it's act then they may well get their wish to be removed from the blacklist.

A long way to go yet but it's a start.

Edited April 11, 2013 by bigbamboo

[lungmi]

Offshore banking investigation is not finished. There will be more reasons for Thailand to stay firmly on the blacklist.

[Buchholz]

/

funny to read how things morphed from last February's news that the blacklist removal was already a done deal... well, according to a senior Thai official, anyway.

.

Thailand To Be Lifted From Money Laundering, Terrorist Financing Blacklist

BANGKOK, Feb 27 – The Financial Action Task Force (FATF) has removed Thailand from the anti-money laundering and counter terrorist financing (AML/CTF) blacklist after the country has made significant progress to tackle the issues, a senior Thai official said today.

http://www.thaivisa.com/forum/topic/622271-thailand-to-be-lifted-from-money-laundering-terrorist-financing-blacklist/

Edited April 11, 2013 by Buchholz

[Locationthailand]

I hope Thaksin will head the list.

[Thaddeus]

I hope Thaksin will head the list.

Should and will are separate things.

[Thai at Heart]

But there is no terrorism in Thailand right?

100 out of 4000. Are the other 3900 just a little bit bad?

Edited April 12, 2013 by Thai at Heart

[belg]

who do you pay and how much to get off the list

and specially WHY

[drdoom6996]

Get the PTP and the HI-So's to stop doing it then!

[thhMan]

There goes half the public officials....

[tragickingdom]

Honestly spoken the rest of the world and the US first is more crooked than Thailand is. The US refuses to sign on for a treaty banning the sales of weapons to warlords and terrorists and Afghanistan and Pakistan are not on the blacklist. The entire blacklist is a bad joke.

[HUAHIN62]

Thailand is not on the blacklist but on the grey list. So the quote that Thailand was removed from the blacklist is correct. Fortunately FATF will decide who is on which list and not posters on this forum. Just a reminder very recently several high profile banks in the US and UK where fined for money laundering, I wonder why these countries weren't put on the greylist? Oops sorry they decide who is on and who is off.

[Wombat6]

Thailand is not on the blacklist but on the grey list. So the quote that Thailand was removed from the blacklist is correct. Fortunately FATF will decide who is on which list and not posters on this forum. Just a reminder very recently several high profile banks in the US and UK where fined for money laundering, I wonder why these countries weren't put on the greylist? Oops sorry they decide who is on and who is off.

I suppose Thailand and their Lady Boys would be heading the Pink List

[rubl]

On 2012-02-27 Thailand was added to the blacklist
( http://www.nationmultimedia.com/business/Thailand-on-money-laundering-blacklist-30176111.html )

Thailand may be on the complementary OECD greylist (meaning not monitored) and on that of the "Global Forum on Transparency and Exchange of Information for Tax Purposes" (grey = not within jurisdiction).

Start here: http://en.wikipedia.org/wiki/FATF_Blacklist

[sydneyjed]

So everything makes sense now...all these boiler room busts of late are just a charade to appease the croonies in Norway that everything is hunky dory in paradise right now.Next thing you know we'll see The "Anti-Money Laundering Office"nominated for The Noble Peace Prize after the EU were given one last year..What an absolute bloody joke!!!

[Macmundi]

Once again Thailand pins the blame on the deep south.