Thailand
From Sanctions Wiki
Jump to: navigation, search
General
Thailand Islamic Insurgency – Over the past years, an insurgency in Thailand’s southern, predominantly Muslim provinces has claimed nearly three thousand lives. The separatist violence in these majority Malay Muslim provinces has a history traceable back for more than half a century. Some experts say brutal counterinsurgency tactics by successive governments in Bangkok have worsened the situation. Political turmoil in Bangkok and tussle between supporters of former Prime Minister Thaksin Shinawatra and the country’s military have further contributed to the instability, working to stymie any serious initiatives for a long-term solution to the crisis.
FATF Warning List
February 22, 2013 – As part of its on-going review of compliance with the AML/CFT standards, the FATF has to date identified the following jurisdiction (Thailand) which has strategic AML/CFT deficiencies for which it has developed an action plan with the FATF. Thailand has provided a written high-level political commitment to address the identified deficiencies. The FATF welcomes these commitments.
Note: Strategic Deficiencies Require Enhanced Due Diligence
The FATF calls on Thailand to complete the implementation of action plans expeditiously and within the proposed timeframes. The FATF will closely monitor the implementation of these action plans and encourages its members to consider the information presented in the link.
October 19, 2012 – The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from ML/FT risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.
As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified that this jurisdictions (Thailand) has strategic AML/CFT deficiencies for which it has developed an action plan with the FATF.
NOTE-1: Strategic deficiencies require Enhanced Due Diligence
NOTE-2: FATF members and other jurisdictions should apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/TF) risks emanating from the jurisdictions Iran and North Korea.
The FATF and the FSRBs will continue to work with this jurisdiction and to report on the progress made in addressing the identified deficiencies. The FATF calls on the jurisdiction to complete the implementation of action plans expeditiously and within the proposed time frames. All member states should treat this jurisdiction (Thailand) with vigilance FATF Public Statement – October 19, 2012
June 22, 2012 – The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from ML/FT risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.
As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified that this jurisdictions (Thailand) has strategic AML/CFT deficiencies for which it has developed an action plan with the FATF.
NOTE-1: Strategic deficiencies require Enhanced Due Diligence
NOTE-2: FATF members and other jurisdictions should apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/TF) risks emanating from the jurisdictions Iran and North Korea.
The FATF and the FSRBs will continue to work with this jurisdiction and to report on the progress made in addressing the identified deficiencies. The FATF calls on the jurisdiction to complete the implementation of action plans expeditiously and within the proposed time frames. All member states should treat this jurisdiction (Thailand) with vigilance FATF Public Statement – June 22, 2012
February 16, 2012 – The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from ML/FT risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.
As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified that this jurisdictions (Thailand) has strategic AML/CFT deficiencies for which it has developed an action plan with the FATF.
NOTE-1: Strategic deficiencies require Enhanced Due Diligence
NOTE-2: FATF members and other jurisdictions should apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/TF) risks emanating from the jurisdictions Iran and North Korea.
The FATF and the FSRBs will continue to work with this jurisdiction and to report on the progress made in addressing the identified deficiencies. The FATF calls on the jurisdiction to complete the implementation of action plans expeditiously and within the proposed time frames. All member states should treat this jurisdiction (Thailand) with vigilance FATF Public Statement – February 16, 2012
June 24, 2011 – The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from ML/FT risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.
As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified that this jurisdictions (Thailand) has AML/CFT deficiencies for which it has developed an action plan with the FATF.
NOTE-1: Strategic deficiencies require Enhanced Due Diligence
NOTE-2: FATF members and other jurisdictions should apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/TF) risks emanating from the jurisdictions Iran and North Korea.
The FATF and the FSRBs will continue to work with this jurisdiction and to report on the progress made in addressing the identified deficiencies. The FATF calls on the jurisdiction to complete the implementation of action plans expeditiously and within the proposed time frames. All member states should treat this jurisdiction (Thailand) with vigilance FATF Public Statement – June 24, 2011
US FinCen – AML/CFT Deficiencies Warning List
July 13, 2011 – FinCen adopted the Financial Action Task Force Public Statement on Anti-Money Laundering and Counter-Terrorist Financing Risks and FinCen provided guidance on the subject. More detailed information FIN-2011-A011 and FIN-2011-A012
Retrieved from “http://sanctionswiki.org/Thailand” Categories: Embargoed Countries | FATF Warning List | FinCen Embargoed Countries