Securities Board Also Under the Scope of Money Laundering Prevention

The government has implemented a new strategy to prevent money laundering. The Office of the Prime Minister and Council of Ministers announced the implementation of the "National Strategy and Action Plan for the Prevention of Money Laundering and Financing of Terrorist Activities (2081/082–2085/086)."

Key Points

- Coordination in Money Laundering: Previously, only the Department of Money Laundering Investigation handled money laundering cases. With the new strategy, 14 agencies, including the police, the Commission for Investigation of Abuse of Authority (CIAA), the Revenue Investigation Department, the Central Bank, the Securities Board, the Forest Office, and the Department of National Parks, will have the authority to investigate and prosecute money laundering offenses.

- Reduction of Financial Crimes: The strategy addresses the reduction of financial crimes such as corruption, tax evasion, hundi (informal money transfer), and cryptocurrency transactions.

- Crime Control: The strategy also includes measures to control drug trafficking, organized crime, criminal profits, internal terrorism, fraud, theft, counterfeit currency transactions, black market activities, and smuggling, as well as forgery.

Strategic Bodies

1. Police

2. CIAA

3. Revenue Investigation Department

4. Central Bank

5. Securities Board

6. Forest Office

7. Department of National Parks

The implementation of this strategy is expected to enhance coordination among various agencies and reduce financial crimes. It aims to increase the trust of investors and the general public and strengthen the country's financial system.