webfact Posted April 11, 2013 Share Posted April 11, 2013 Thailand presses on to get off money laundering blacklistBy 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 Link to comment Share on other sites More sharing options...
KBAA Posted April 11, 2013 Share Posted April 11, 2013 Thats only prove that the fighting in south is also about smugling of goods etc. 1 Link to comment Share on other sites More sharing options...
Popular Post Thaddeus Posted April 11, 2013 Popular Post Share Posted April 11, 2013 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. 8 Link to comment Share on other sites More sharing options...
clockman Posted April 11, 2013 Share Posted April 11, 2013 They should never be removed, until evidence of transparency! pigs might fly! 1 Link to comment Share on other sites More sharing options...
apalink_thailand Posted April 11, 2013 Share Posted April 11, 2013 So they are going to name 400 names of bankers? How exciting. 1 Link to comment Share on other sites More sharing options...
bigbamboo Posted April 11, 2013 Share Posted April 11, 2013 (edited) 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 Link to comment Share on other sites More sharing options...
lungmi Posted April 11, 2013 Share Posted April 11, 2013 Offshore banking investigation is not finished. There will be more reasons for Thailand to stay firmly on the blacklist. Link to comment Share on other sites More sharing options...
Buchholz Posted April 11, 2013 Share Posted April 11, 2013 (edited) / 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 2 Link to comment Share on other sites More sharing options...
Locationthailand Posted April 11, 2013 Share Posted April 11, 2013 I hope Thaksin will head the list. 1 Link to comment Share on other sites More sharing options...
Thaddeus Posted April 11, 2013 Share Posted April 11, 2013 I hope Thaksin will head the list. Should and will are separate things. Link to comment Share on other sites More sharing options...
Thai at Heart Posted April 12, 2013 Share Posted April 12, 2013 (edited) 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 Link to comment Share on other sites More sharing options...
belg Posted April 12, 2013 Share Posted April 12, 2013 who do you pay and how much to get off the list and specially WHY Link to comment Share on other sites More sharing options...
drdoom6996 Posted April 12, 2013 Share Posted April 12, 2013 Get the PTP and the HI-So's to stop doing it then! Link to comment Share on other sites More sharing options...
thhMan Posted April 12, 2013 Share Posted April 12, 2013 There goes half the public officials.... Link to comment Share on other sites More sharing options...
tragickingdom Posted April 12, 2013 Share Posted April 12, 2013 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. 1 Link to comment Share on other sites More sharing options...
HUAHIN62 Posted April 12, 2013 Share Posted April 12, 2013 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. 1 Link to comment Share on other sites More sharing options...
Wombat6 Posted April 12, 2013 Share Posted April 12, 2013 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 Link to comment Share on other sites More sharing options...
rubl Posted April 12, 2013 Share Posted April 12, 2013 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 Link to comment Share on other sites More sharing options...
sydneyjed Posted April 12, 2013 Share Posted April 12, 2013 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!!! Link to comment Share on other sites More sharing options...
Macmundi Posted April 14, 2013 Share Posted April 14, 2013 Once again Thailand pins the blame on the deep south. Link to comment Share on other sites More sharing options...
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