Thailand removed from FATF's watch list

BANGKOK, June 25 (TNA) - The Paris-based Financial Action Task Force on Money Laundering (FATF) has already removed Thailand from its list of countries with money-laundering risks. Police Colonel Seehanat Prayoonrat, Secretary-General of Thailand's Anti-Money Laundering Office (AMLO), told journalists on Tuesday that the FATF resolved at its meeting in Oslo, Norway's capital, from June 19-21 to remove Thailand from its list of countries with risks of money laundering and terrorism funding. Police Colonel Seehanat said that a working group of the FATF visited Thailand early last month and found that Thailand had issued legal measures and regulations to improve national anti-money laundering practices and terrorism funding, which now meet international standards, and the Kingdom was consequently removed from the FATF watch list. The AMLO chief noted that his office will soon inform foreign journalists of the positive development to boost confidence in Thailand among international investors. (TNA)