The Anti-Money Laundering Office (Amlo) has warned seven electronic cash card operators to report suspected football betting payments or suspicious cash transactions or face fines of up to 500,000 baht.
The move comes ahead of the start of the 2014 Fifa World Cup which kicks off in Brazil tomorrow. Amlo secretary-general Seehanart Prayoonrat yesterday said the anti-money laundering office has sent a circular to electronic cash card operators not linked to financial houses, telling them to inform the agency of any betting payments or suspicious transactions made via e-cards.
Any operator which provides services to online gamblers and refuses to report to Amlo will be fined up to 500,000 baht or 5,000 baht a day per card per transaction.
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