Thailand will Establish Anti-Money Laundering Act to Satisfy FATF Recommendations (August ’19)
“Cryptocurrency will become a new tool for money laundering.”
-Thai Magistrate Preecha Charoensahayanon
Revised Anti-Money Laundering Law in Thailand
– Will include cryptocurrency in the current anti-money laundering system
– The establishment of a mandatory clause requiring abnormal behavior to be reported to the AMLO (Thai Anti-Money Laundering Office)
-The establishment of legal standards for cryptocurrency transaction service providers
ARGOS
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