The military junta is asking commercial banks to investigate more than 400 accounts of clients who have been imprisoned and whose names appear on a list of money-laundering suspects.
Secretary-general Pol Col Sihanart Prayoonrat of the Anti-Money Laundering Organisation is cooperating with military authorities to investigate suspicious money movements by suspected launderers, and prison inmates. (File photo)
At a National Council for Peace and Order (NCPO) seminar Thursday, attended by bank representatives, assistant army chief Gen Paibul Khumchaya in his capacity as head of the junta's judicial affairs sector asked for cooperation from banks to monitor and report transactions of bank accounts belonging to more than 400 prison inmates to the Anti-Money Laundering Office (Amlo).
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.