Anti-money Laundering Office shares information on possible’ high-risk’ candidates
PUBLISHED: 2 Jan 2025 at 04: 00
In an effort to reduce financial crime, the government is tying data from people who have been identified as high-risk for money trafficking to those applying for business filings. Starting yesterday, programs with titles that are on the high-risk list may be deferred, requiring legitimate supporting documents.
According to deputy state spokesman Karom Phonphonklang, fraud involving scammers who use legal entity licenses to deceive the public by taking advantage of corporations ‘ credibility and operational flexibility is a serious issue that the government is immediately addressing.
For swindlers frequently open bank accounts using legal entity company registration documents, allowing them to receive money while avoiding bank financial scrutiny.
This kind of fraud has seriously harmed Thailand’s monetary system and endangered the security of its citizens ‘ resources. It is a pressing concern that the authorities, in cooperation with several agencies, is working to prevent and curb, Mr Karom said.
The Anti-Money Laundering Office ( Amlo ) recently integrated data from the Department of Business Development ( DBD ) with the high-risk individuals for money laundering ( HR-03 ).
Mr. Karom explained that a supervisor or table member’s name on a legal entity registration application may be postponed if their name matches that on the HR-03 list.
The person therefore had offer upstanding supporting files. If these are not provided, the program will be denied. This estimate took influence yesterday.
” This order is an extra measure to address fraud at its core, preventing swindlers from exploiting the legitimate institution membership process,” he said.
The Central Investigation Bureau ( CIB ) and other organizations will work together to combat these activities, while also safeguarding Thailand’s economy and its citizens.
Auramon Supthaweethum, director-general of the DBD, said the ministry just linked the HR-03 information from Amlo through the Anti-Online Scam Operation Centre.
The HR-03 roster includes people identified as high-risk for money laundering and requiring near monitoring.
Also, a directive specifies the rules for registering limited companies and partnerships involving individuals on Amlo’s record has been issued by the division.
Registrars can validate legal entity registration applications submitted both in person or online thanks to this order. Registration is required to assess whether the titles on an app match those on Amlo’s HR-03 record.
If a label on the HR-03 listing is found in an application, the person may verify their identity by providing appropriate documents, such as an ID cards, government official card, state enterprise employee card, mysterious certificate or passport.
The registrar has the right to decline a request if the student fails to look for or provide the requested documents.