Anti-Money_Laundering_Office_(Thailand)

Anti-Money Laundering Office (Thailand)

Anti-Money Laundering Office (Thailand)

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The Anti-Money Laundering Office (AMLO) is Thailand's "key agency responsible for enforcement of the anti-money laundering and the counter-terrorism financing law."[1]: 7  It was founded in 1999 upon the adoption of the Anti-Money Laundering Act, B.E. 2542 (1999) (AMLA).[2] AMLO is an independent governmental agency. It has the status of a department functioning independently and neutrally under the supervision of the minister of justice, but is not part of the justice ministry.[1][3] In 2016, Prime Minister Prayut Chan-o-cha ordered by the cabinet resolution change the command to under the supervision of the Prime Minister directly.[4]

Quick Facts Agency overview, Formed ...

The AMLO 2016 Annual Report reported 369 AMLO positions allocated, with 49 positions vacant, plus 30 government employee positions, with two vacancies.[3]: 26  Its budget for FY2017 (1 October 2016 to 30 September 2017) is 374.1 million baht.[5]: 89 

As of 30 September 2016, the AMLO had custody of seized and/or frozen assets valued at 6,176,029,774.12 baht.[3]: 50  It conducted 12 asset auctions during FY2016, selling 910 items of assets for 57,893,949 baht.[3]: 51 

From 29 June to 14 August 2018 AMLO was headed by Secretary-General Police Major General Romsit Viriyasan. He was moved to an "inactive post" in the prime minister's office for failing to expedite politically sensitive cases.[6] Pol Maj Gen Preecha Chareonsahayanon was named acting secretary-general.[7]

Panama Papers

In April 2016, AMLO began investigating Thai nationals whose names surfaced in the Panama Papers.[8][9]

See also

References

  1. [1]
    Annual Report 2014 (PDF). Bangkok: Anti-Money Laundering Office (AMLO). 2015. ISBN 978-616-91467-7-3. Retrieved 13 April 2016.[permanent dead link]
  2. [2]
    "Anti-Money Laundering Act, B.E. 2542 (1999)" (PDF). Anti-Money Laundering Office (AMLO). Retrieved 13 April 2016.
  3. [3]
    Annual Report 2016 (PDF). Bangkok: Anti-Money Laundering Office (AMLO). 2017. ISBN 978-616-8111-01-7. Retrieved 16 August 2018.
  4. [4]
    "โอนย้าย "สำนักงาน ปปง." ขึ้นตรง "นายกรัฐมนตรี"". 17 March 2015.
  5. [5]
    Thailand's Budget in Brief, Fiscal Year 2017 (PDF). Bureau of the Budget (Thailand). 2016. Retrieved 21 February 2017.
  6. [6]
    Bootsripoom, Attayuth (16 August 2018). "Romsit loses AMLO post for failure to expedite politically sensitive cases". The Nation. Retrieved 16 August 2018.
  7. [7]
    Laohong, King-Oua (18 August 2018). "Amlo steps up efforts as it turns 20". Bangkok Post. Retrieved 18 August 2018.
  8. [8]
    "'Many' Thais implicated in global scandal". Bangkok Post. 4 April 2016. Retrieved 13 April 2016.
  9. [9]
    Taptim, Tulsathit (13 April 2016). "Panama Papers and weary regulators in Thailand" (Editorial). The Nation. Retrieved 13 April 2016.
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