September 03, 2018
THE MONEY laundering watchdog is considering creating its own digital wallet to tackle cybercrime related to cryptocurrencies, an Anti-Money Laundering Office (AMLO) official said at a Bangkok seminar last week.
“We have discussed launching our own ‘AMLO Wallet’ to hold or confiscate digital currency from illegal sources,” Witthaya Neetitham, secretary of AMLO, at a seminar on the legal system and cryptocurrency crime, said.
Currently, there is no law allowing the agency to freeze or seize digital currency, nor anywhere to keep it.