AMLO informs banks that more than 300,000 ‘horse accounts’ have been suspended.

AMLO reports the names of horse account owners to banks who have suspended transactions in more than 300,000 accounts, rushing to publicize the horse account penalty to the public. Mr. Peerathorn Wimonlohakarn, Director of the Supervision and Inspection Division The Anti-Money Laundering Office or AMLO revealed measures to prevent and suppress horse accounting that AMLO has in the past notified financial institutions of names of suspects in horse accounting cases to stop transactions via mobile. More than 30,000 names have been banked and more than 300,000 accounts have been suspended. However, those on those names can still conduct financial transactions over the bank counter. But it is seen that horse account users will not dare to enter into transactions on their own. This is because there will be traces of evidence in reporting the charges of wrongdoing. In addition, there is coordination with AOC Center 1441 to notify names. Those who open horse accounts get the bank faster. As a result of such operatio ns, the problem of horse accounting has decreased. However, the results of such operations I admit that it is still not as satisfactory as it should be. After this, the relevant agencies will also have to find measures to quickly suspend and suppress horse accounts. Ready to accelerate public relations to inform the public about the penalties for opening a horse account that is more than the money paid to open a horse account for others. By the person who is hired to open a horse account There is a penalty of imprisonment not exceeding 3 years, a fine not exceeding 300,000 baht, or both. And there is a chance of being arrested for money laundering, which carries a penalty of up to 10 years, a fine not exceeding 200,000, or both. Source: Thai News Agency