Nonthaburi,, Director-General of the Department of Business Development is ready to cooperate with AMLO to connect important missions to stop the cycle of money laundering. and nominee businesses in Thailand by discussing 4 issues, including linking back-end legal entity data to facilitate quick verification AMLO’s dissemination of information on people to be careful of, preparation for implementing the BO indicators according to the Business Ready (B-READY) assessment guidelines of the World Bank, and joint study, analysis and consideration of improving relevant laws in order to Stricter protection against money laundering and nominees
Mrs. Oramon Sapthaweetham Director-General of the Department of Business Development said that the Department of Business Development recently held a meeting with Mr. Thepsu Bowonchotdara, Secretary-General of the Anti-Money Laundering Commission (AMLO), to find ways to cooperate in Link to law enforcement work related to juristic persons. In addition, we help create underst
anding and publicize the missions of both agencies for the public to know.
There were 4 important issues of the meeting: 1) Linking the Department’s legal entity information through the Web Services system that will facilitate AMLO’s access to legal entity information. Ready to use quickly Leads to convenience in inspection Timely prevention and suppression of money laundering. 2) Publicizing AMLO information. and can verify information on persons designated under Section 6 and Section 15 of the Act on Prevention and Suppression of Financing of Terrorism and the Proliferation of Weapons of Mass Destruction B.E. 2016 to raise awareness to the public, leading to caution in doing business to prevent economic damage in the future.
3) Working together to find measures to support compliance with the indicators regarding notification of true beneficiaries (Beneficial Ownership: BO) according to the guidelines. of the World Bank’s Business Ready (B-READY) assessment, which this indicator It is a mission that involv
es both agencies. Working together according to this indicator will promote Thailand as an important destination and build confidence for foreign investors in dealing with government agencies to do business in Thailand. Transparently and quickly, and 4) jointly improve laws related to inspection of nominee businesses to prevent and suppress money laundering in Thailand.
In addition, the Department of Business Development We are pleased and ready to help study, analyze and support the work of the Anti-Money Laundering Office. and other agencies Fully under the law and scope of the Department’s mission, as well as creating good conscience among legal entities to prevent and completely break the cycle of money laundering in Thailand. Along with creating awareness of the importance of doing business honestly. By using various public relations channels of the Department as well.
Source: Thai News Agency