Anti-Money Laundering (AML)

Money laundering is the process to transform illegal money into legal money. Such illegal money often relates to crime and we take it as our responsibility to protect our country from the acts of crime, even though is currently unregulated and do not fall with the scope of AML/CTF obligations for Thailand firms.

Our Anti-Money Laundaering poilicy is designed so that we could comply with international standards defined by the AML/CFT working group.

Anti-Money Laundering (AML) Policy:

  • The appointment of a Money Laundering Reporting Officer (MLRO) who has sufficient level of seniority and independence and who has responsibility for oversight of compliance with relevant legislation, regulations, rules and industry guidance;
  • Establishing and maintaining a Risk Based Approach (RBA) towards assessing and managing the money laundering and terrorist financing risks to the company;
  • Establishing and maintaining risk-based customer due diligence, identification, verification and know your customer (KYC) procedures, including enhanced due diligence for those customers presenting higher risk, such as Politically Exposed Persons (PEPs);
  • Establishing and maintaining risk based systems and procedures to monitor on-going customer activity;
  • Procedures for reporting suspicious activity internally and to the relevant law enforcement authorities as appropriate;
  • The maintenance of appropriate records for the minimum prescribed periods;
  • Training and awareness for all relevant employees

Sanction List is prohibited from transacting with individuals, companies and countries that are on prescribed Sanctions lists. will therefore screen against United Nations, European Union, UK Treasury and US Office of Foreign Assets Control (OFAC) sanctions lists in all jurisdictions in which we operate.