Just when it seemed safe to get out of the laundry, the Senate has dunked the economy and reputation of the country back in the wash. It seems the members of the Upper House are just terribly busy this month. They are so busy that they simply cannot even schedule consideration of a law to save Thailand from humiliating, punitive repercussions from the United Nations and member governments around the world.
A law on money laundering would prevent this, but it seems senators have put it somewhere near the bottom of their priority list.
As a result, in about five months, the Financial Action Task Force (FATF) will formally declare Thailand to be a country that enables terrorism and other unpleasant, international crimes like drug and human trafficking. This will have grave impacts on Thai business, and on the image of the country. Trade will become difficult. Many banking transactions will be denied, and most of the other country-to-country deals will be barred.
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