Where did the wealth come from...?

People in today's era today make money easily or get rich faster than people in the past. Some people get rich in the lottery, woo fu stocks, become millionaires in crypto. But... wait, last year was called a disaster year for stocks and crypto affected. Let people who are broken with investments.

delusion of crime

As seen from the media page, there are many cases.

But... it seems that some people are

"rich"

against the trend, but they get money in a strange way.

It has become a case that is currently being investigated, including Forex 3D, anonymous businesses, gambling sites and porn sites, as well as fraudulent acts with MORE stocks.

For example, there are "victims" who lost many properties in the tens of millions.

Today, the Thai Rath online news team

Got a guru to suppress

"money laundering"

 , Pol. Col. Sihanart Prayunrat, former secretary of the Anti-Money Laundering Office (AMLO), admitted that at this time he was very worried about society. 

Fix the "Horse Account" 10 years ago, it should be extinct today. 

Col. Seehanat stated that current money laundering methods

There is a way to be more realistic. The problem of

"horse account"

was actually something that should have been solved 10 years ago, when I was secretary of the AMLO. At that time, there was always a fight on this issue. At first, it was accepted. that the proceedings of the justice process

is difficult

Because at that time, in some horse account cases, officials, whether police or prosecutors, he ordered not to prosecute.

but later began to understand more

And the arrest of people who opened horse accounts continued.

"If they are caught or taken 'seriously' (emphasizing 'seriously'), I believe the horse list will become extinct,"

Sihanat said.

Importantly, it will help solve the problem.

online crime too

Because transactions nowadays are “smooth…easy” because they are done through mobile banking.”

Complete tools, but...is the law enforcement seriously or not?

Col. Sihanat revealed that AMLO has issued a law to directly address this matter since 2013 by amending Section 20/1 on customer fact-finding investigations.

and also issued ministerial regulations

additionally

With amendments in 2016 and in 2020, which is considered to be good legislation on all 3 occasions.

However, if financial institutions take these measures seriously

(Reiterate that it's serious) From 2013 until 2020, the first cause will be resolved, while the capture of the "horse account" is just the end of the cause, there will be no

Former AMLO secretary said the cause of the problem

What happened at this time was the investigation and enforcement of the law seriously or not, for example, in the case of MORE stocks that were found to be manipulated.

If a company that operates securities business

work hard

The case will not reach this stage.

“While working in AMLO, we worked closely with financial institutions.

There was a bank contacted to notify.

to an unusual money flow from 10 million to a billion in 3 months. This is called CCD (Customer Due Diligence) or checking to know the facts with customers.

Once there is an investigation, the incident can be suppressed before a complaint can even be filed with DSI.”

In the past, they used to search

a company

customers of that company

surrounded

He still didn't know the company was in trouble.

accused us of closing his company

We warned him before the incident. After 4 months, he shut down the business.

This is a suppression from the start.

“Tackling money laundering

It should start with a serious audit of financial institutions.

Proceeding with money laundering laws will help prevent money laundering problems. At the same time, if AMLO works seriously, it is believed that financial institutions will be more strict in disciplinary action.

But without serious oversight, it's difficult.”

except that

those financial institutions

Looks like a half-blood or a group of foreigners joining the shares

These groups are very strict about these things because foreign companies are strict.

Because if it's not dark

There is a chance of being fined in the millions of dollars or euros.

“The above is not to blame.

Thai financial institutions

but is about to communicate that

If there is a problem to complete the loop

Since the beginning

should seriously enforce the law.”

AMLO is losing its way, focusing on repression, weak supervision

Col. Sihanat said that the AMLO around the world has similar powers.

only some countries

He has no power to seize property, make an arrest, unlike Thailand.

If we travel abroad, we will find that opening an account in the US or Europe is very difficult because the AMLO or financial institutions

His focus is on supervision, despite the fact that there are tens of thousands of US financial institutions.

"Asking why he was so strict...

The reason for this is because he has a good system. His country does not use "people" to supervise, but uses

"systems"

to

"supervise"

with the principle of Risk Based Approach (check using the risk line). How much is used in Thailand...I don't know.

Because I am not in the AMLO right now.”

The important principle is that students (financial institutions) must be strict, teachers (AMLO) must be attentive.

and financial institutions

There will definitely not be a horse account.

What has been said directly translates to that in terms of the law.

At this time, it is considered to be fully operational. The problem is the supervision of various agencies. Col. Sihanat replied that what there is a problem is adoption, adaptation and enforcement.. Checking the traders to their income must be done. The "turbocharged" type, both financial sources, income, economic status

risk mitigation

For example, Mr. K came to open an account and said that he had a report of 20,000 per month, but there was actually 2 million per month of money coming in. How was this…

If it is as follows, the bank must call to inquire.

If unable to clarify

suspend financial transactions

which this matter is already in the Ministerial Regulations, it can be done

For example, the MORE case during the peak period between 14-20 Nov. 22 AMLO has not yet issued an order to freeze assets.

What power will it take to prohibit financial transactions? The answer is that it uses the power according to the ministerial regulations until the AMLO will issue an order on the 20th.

Col. Seehanat said

the suspension of transactions is useful to allow customers to disclose their information.

If unable to show, inform the AMLO and then ask the AMLO to continue to freeze the assets.

Financial institutions Lack of knowledge Lack of training

Former AMLO secretary still feels worried about personnel

who is responsible for investigating money laundering, stating that

he dares to say that if he goes to "audit" according to a financial institution in Thailand, it's called being fined without knowing how much

It is believed that the number of people who pass the exam can be counted.

In spite of these issues, the AMLO has opened a free course.

but still no one studied

“Students don't have attention...because teachers are not strong.

Even though the online courses are open for free.

When asked how the AMLO works at present...

Colonel Sihanat answered honestly that

“Focusing on seizures and arrests rather than inspections, which is not the main task.

solving this type of crime

must focus on supervision as the main thing”

When asked if there was a group of wealthy people showing off their wealth, showing off their wealth, driving luxury cars, and some of them using gambling

schemes or Ponzi schemes to deceive Thai people like this, is it considered negligent in the investigation?

unusually wealthy people

became socially acceptable.

while financial institutions

never checked

and compete with customers

only afraid that

If verified, he will close the account.

and go to another place…”

“What needs to be supervised

need to do the same

and the authority to check already exists

with the ministerial regulations

if not used

You can call me to explain to you how it works. The law that exists at this time.

no need to solve

What needs to be solved is the organization and organizational culture.

To be strict, it must be done throughout the country.

Don't be too hard on just one, if you do that, your financial institution clients will flee to other places.”

meanwhile

for political office holders

which implied in the way of corruption, AMLO has announced to check, the question is, is there any inspection?

If we really examine each other, we can assure you that various SAOs are difficult to cheat.

The law is good, the law is not used

, not strict... This does not blame anyone, speaking in the middle, while the role of financial institutions is to investigate the facts of the financial origins of customers to see if they are in line with their status or not.

The source of income and expenditure is consistent with the show.

when opening an account or not

if not consistent, not suitable

ask for more information

This is the job of a financial institution.

that is supported by the law, ”said Pol. Col. Seehanat.

Thai Rath online news team reported 

read article 

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