Bank of Thailand Tightens Controls on Illicit Money Flows
The Bank of Thailand is partnering with 11 financial agencies to crack down on illegal money transfers, implementing stricter controls to block criminal fund movements and conversions.
BANGKOK: The Bank of Thailand (BoT) has joined forces with 11 financial-sector agencies to tighten controls on illicit money flows, with the central bank seeking to create ‘BoTtlenecks’ that make it harder for criminals to move, withdraw and convert funds.