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Yet another regulator to report to in Thailand

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.


Thai banks to report B500k transactions to counter money laundering


Categories: Anti-Corruption National Anti-Corruption Commision (NACC) updates


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