MONEY LAUNDERING
Over B345bn smuggled out of the country
- Published: 27 Oct 2012 at 00.00
- Newspaper section: News
The Anti-Money Laundering Office (Amlo) has found more than 345 billion baht was smuggled out of Thailand through phoy kuan, or underground money transfers, in the past five years.
Amlo secretary-general Seehanart Prayoonrat said yesterday that its investigation found 14,470 illegal money transfers between Thailand and other countries from 2008 to 2012 in which 193,327 million baht was transferred into Thailand and 345,437 million baht went out of Thailand to other countries.
He said the amount of the outgoing money nearly doubled that of the incoming money.
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