Bank of Thailand Implements Measures to Combat Illegal Funds by Regulating Financial Institutions
Bangkok: The Bank of Thailand (BOT) is taking decisive steps to curb illegal funds by requiring financial institutions and money exchange shops to submit transaction data and adhere to strengthened Know Your Customer and Customer Due Diligence procedures. According to Thai News Agency, BOT Governor Vitai Ratanakorn has unveiled measures to control illegal capital flows and the movement of the