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Anti-Money Laundering Act, No. 2, B.E. 2551 (2008)

Whereas it is aware that this Act contains certain provisions in relation to the restriction of rights and liberties of persons, in respect of which section 29, in conjunction with section 41 and section 43 of the Constitution of the Kingdom of Thailand so permit by virtue of law.

This Act contains Amendments to the Anti-Money Laundering Act of 1999. It consists of 28 Articles.

“Some of the Anti-Money Laundering Act B.E. 2542 (1999) (AMLA)’s provisions are not efficiently and appropriately enforced for eliminating or reducing criminal cycle and as the law targets crimes prescribed in eight predicate offenses, resulting in reducing or eliminating of crimes is not as the law’s will. This is because criminals in other criminal offenses are still able to use money or asset derived from such crimes to facilitate the commission of these eight predicate offenses. Furthermore, some of procedures in enforcing the AMLA are not to be used at the desired speed. In order to break the criminal cycles effectively as the law’s objectives, while the procedure in enforcement of the Anti-Money Laundering Act is smooth swift efficient and effective, it is necessary to prescribe other criminal offenses that obstruct peace and moral of the society, security and economic stability of the State as predicate offenses, this law must be issued.”

Thailand-Anti-Money Laundering Act (No. 2)-2008-eng (full text in English, PDF)

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