FATF approves risk list upgrade
- Published: 23 Feb 2013 at 22.30
- Online news:
The Financial Action Task Force (FATF) has agreed to remove Thailand from its list of high-risk countries for financial transactions, the Anti-Money Laundering Office (Amlo) says.
Amlo secretary-general Seehanart Prayoonrat said Saturday that FATF, an intergovernmental organisation tasked with fighting money laundering and terrorism financing worldwide, made the decision at its meeting in Paris on Friday.
Pol Col Seehanart, who led the Thai delegation at the Paris meeting, said FATF agreed to upgrade Thailand's status from "dark grey'' to "grey''. That means Thailand is still considered a risk, but is making active progress to address FATF concerns.
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