The Financial Action Task Force on Money Laundering has removed Thailand from its watch list, the Anti-Money Laundering Office said yesterday.
The FATF's International Cooperation Review Group (ICRG) agreed at a meeting in Oslo on Friday to remove Thailand from its list of countries with a high risk of money laundering and terrorism funding, Amlo secretary-general Sihanart Prayoonrat said. Bolivia, Brunei, the Philippines and Sri Lanka were also removed.
FATF is an intergovernmental organisation founded by a G7 initiative that develops policies to combat money laundering and terrorism financing.
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