Around 4,000 bank accounts in Thailand have been reprimanded for investigation into whether they are a part of a large criminal network scheme. These accounts are suspected to be used for phishing, money laundering, drug trafficking and other illegal activities.
A meeting chaired by the head of the Anti-Money Laundering Office in Thailand with the 36 major banks and financial institutes was held on Monday to discuss preventative measures to avoid these types of accounts from being opened.
The meeting agreed on several forms of identification such as birth certificate, house registration, ID card, and signature. Banks will also check whether the applicant matches the appearance on the ID card.
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Money Laundering Control Act
Image: Thai Farmers Bank
