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Domestic and International Cooperation

UPDATE05 Jun 2016

Domestic and International Cooperation

 

The AMLB is regarded as the main mechanism of Thailand’s AML/CFT system. According to Section 24 of the AMLA, the committee is comprised of the following members:

  • 6 Qualified Experts Committees
  • 9 Ex-officio Committees: Permanent-Secretary of MOF, Permanent-Secretary of MFA, Permanent-Secretary of Ministry of Justice, Secretary-General of National Security Council, Attorney General, OAG, and Commissioner General of RTP, Governor of BOT, SEC Secretary-General, and AMLO Secretary-General. The AMLB is authorized by Section 25 of the AMLA to suggest measures, opinions, and recommendations related to AML/CFT to the cabinet. According the AML/CFT law, AMLB has to supervise, monitor, and evaluate the performance of AMLO, as well as develop regulations, announcements, orders and any criteria.

The AMLB has appointed nine sub-committees to coordinate various aspects of operations as follows:

AML/CFT Policy Related:

(1) Sub-Committee on Steering the National AML/CFT Strategy is responsible for steering the National Strategies on AML/CFT and recommending operational guidelines to bring about efficient performance and achieve strategic objectives.

Law Enforcement Related:

(2) The Legal Advisory Sub-Committee is entrusted with recommending guidelines concerning the amendment or revision of laws, ministerial regulations, regulations, notifications, and orders issued under AMLA, and giving advice and opinions on legal issues concerning the AMLO’s performance of its official duties.


(3) Adjudication Sub-Committee is responsible for giving legal opinions on the conflicts according to Section 49 of AMLA and setting guidelines for the development or improvement of the legal actions over the assets.

(4) Assets Management Sub-committee is entrusted with formulating regulations, or setting guidelines for assets management and evaluation.

(5) The Sub-Committee on Coordination of Work under the AMLA is responsible for coordinating with other authorities responsible for the prosecution of the predicate offences, ML offense, as well as taking legal actions over the assets in accordance with the law related to AML, in collaboration with the authorities entrusted with the support of information, news, intelligence and security in order to have efficiency and effectiveness in operation.

(6) The Sub-Committee on Steering the Strategy for Coordination of the Enforcement of AML/CFT Law is entrusted with propelling AML/CFT enforcement integration strategy, and recommending guidelines for more effective performance in order to achieve the strategic objectives.

The Supervision of the Reporting entities:

(7) The Sub-Committee on Supervision and Examination of Financial Institutions, Businesses and Professions under AMLA is responsible for recommending guidelines for improvement and development of laws, regulations, and the operational guidelines concerning the supervision, promotion, support, coordination and monitoring of law enforcement and compliance.

Other AML/CFT Related:

(8) The Sub-Committee on Preparation of Thailand for Assessment of Observance of International Standards for Anti-Money Laundering and Combating the Financing of Terrorism is a mechanism for the coordination on propelling the country’s compliance with the international standard, for example, the conducting the national ML/FT risk assessment, the acceleration of operations of the authorities concerned, the execution of the measures on supervising non - profit organizations, which consists of public and private organizations e.g. the main authorities (BOT, SEC, OIC) supervising the non - profit organizations, law enforcement authorities (RTP, OAG, DSI, RTC), counter - terrorism authorities (NSC, NIA, ISOC), reporting entities, Lawyer Council, FAP.

(9) The Sub-Committee on Promotion and Public Cooperation is responsible for formulating methods or guidelines for coordination, public relations, and dissemination of the information on the prevention and suppression of ML, to public and private authorities and general public.

International Cooperation

AMLO has the power according to Section 40 (3) of AMLA related to the cooperation or the information exchange with the international agencies concerning AML/CFT. AMLO works under the AMLA, other laws, or the MOU between AMLO and foreign counterparts. The International Cooperation Division of AMLO is responsible for the cooperation and exchange of information with the foreign agencies. The cooperation between AMLO and foreign agencies is proceeded through ESW, MOU (47 MOUs were signed with foreign counterparts for the purpose of financial intelligence information exchanging), and the reciprocal cooperation with the non - counterparts which is an unofficial cooperation, takes less time on examining and notifying the results than those of the cooperation through official MLAT or diplomatic channels. AMLO signed MOUs with foreign counterpart’s from 47 countries and 1 organization to promote the cooperation and eliminate the obstruction in exchanging the information.

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