36 Thai banks to huddle about stopping financial crime

AMLO will gather the banks after a big ID theft made headlines.

The Anti-Money Laundering Office (AMLO) and 36 Thai banks will meet on Monday to discuss ways to prevent financial crimes such as ID card theft. This is in light of a recent case involving fraudsters allegedly using 24-year-old private company worker Nicha Kiatthanapaiboon’s stolen ID card to open nine accounts in seven banks.

AMLO’s duty is to monitor Thai banks and their abiding by money-laundering laws, whilst banks are obliged to correctly verify the identities of people who want to open bank accounts.

In the meantime, Thai banks are following stricter regulations and being more careful in identification checking for opening accounts or using bank services.

Also Read

Cambodia enables QR payments from foreign e-wallets through Alipay+

Hong Kong to rename ‘virtual banks’ to ‘digital banks’

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit