AMLO secretary-general Sihanart Prayoonrat said at a press conference yesterday that being in the FATF “grey-list” for involvement in terrorist support and money laundering had already created problems for Thai tourism enterprises.
The FATF has reported its listing to many member states. Sihanart said this action had affected Thai tour companies as their money had been “rejected”. And Thai people may soon face problems transferring funds to relatives or families overseas, or when travelling overseas. Their credit cards could be rejected, he said.
In order to solve the problem, he said Thailand should urgently enforce anti-money-laundering regulations and cut any support for terrorist acts. He said the AMLO had already put these ideas to the Cabinet. But the moves needed to be implemented this year, otherwise Thai businesses would face serious problems on money transactions.
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