Thai banks, according to the Phuket Gazette, will now be required to report cash transactions over 500,000 Baht and property transactions over 1 million Bt by government officials and offices to the National Anti-Corruption Commission (NACC). This is in addition to the current reporting requirements to the Anti-Money Laundering Office (AMLO) of 2 million in cash or 5 million in property.

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Thai banks to report B500k transactions to counter money laundering

Posted with Blogsy

Thai banks, according to the Phuket Gazette, will now be required to report cash transactions over 500,000 Baht and property transactions over 1 million Bt by government officials and offices to the National Anti-Corruption Commission (NACC). This is in addition to the current reporting requirements to the Anti-Money Laundering Office (AMLO) of 2 million in cash or 5 million in property.

Link:

Thai banks to report B500k transactions to counter money laundering

Posted with Blogsy