AMLO to increase scrutiny on accounts suspected of money laundering
Written by bkvoice, June 20, 2014
The National Council for Peace and Order (NCPO) has urged the Anti-Money Laundering Office (AMLO) and all commercial banks to increase scrutiny of bank accounts suspected of being involved in money laundering activities.
NCPO head of judicial and legal affairs, General Phaibhun Khumchaya , met with representatives from AMLO and banks yesterday to discuss the issue.
He pointed out that money from drug trafficking and gambling is suspected of being deposited into banks, while call-center gangs that utilize bank accounts have also become increasingly numerous. As many as 324 bank accounts are being investigated for connection with call-center gangs.
The NCPO asked that banks increase scrutiny of each account owner’s first transaction. Should the cash value exceed 2 million baht or should the transaction involve assets worth more than 5 million baht, AMLO should be asked to step in and probe the account.