Passed in 1999, the Anti-Money Laundering Act (No. 6) B.E. 2565 (2022) (the “Act”) aimed to eliminate the funding of illegal activities in Thailand, such as drug trade, corruption, and fraud. Recently, changes have been drafted to align the Act with international Anti-Money Laundering legislation standards. Under Parliament’s advice and consent, the King revised the … Continue reading Thailand Issues a New Anti-Money Laundering Act