Thailand’s Anti-Money Laundering Act (the “AML Act”) has been strengthened as of 9th October 2015.
The amendment changes the law to be in line with the current anti-money laundering situation and to conform to international standards and increase enforcement.
Key changes include additional predicate offenses, expanded scope of money laundering offenses and onboarding policy and customer due diligence.
Read more at Global Compliance News.
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