Thailand recent initiatives in AML/CFT. Mr. Weekoon Nithimutrakul Director, Financial Intelligence Division AMLO (ANTI-MONEY LAUNDERING OFFICE)

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1 Thailand recent initiatives in AML/CFT Mr. Weekoon Nithimutrakul Director, Financial Intelligence Division AMLO (ANTI-MONEY LAUNDERING OFFICE) 1

2 Hit the criminals where they hurt the most Their pocket 2

3 Let the criminals came out of Jail old and poor 4

4 Thailand recent initiatives in AML/CFT Since Feb. 2010, Thailand has been put into FATF s Public Statement as Jurisdictions with strategic AML/CFT deficiencies (Dark Grey List) together with other 14 Jurisdictions including Myanmar, Indonesia, Vietnam, Sri-Lanka, Brunei. On 22 Feb Thailand, Sri-Lanka and Brunei has been removed from the FATF s Public Statement and upgraded to Grey List (Improving Global AML/CFT) with other 21 Jurisdictions 5

5 Thailand s progress in addressing its action plan agreed upon with the FATF On 2 Feb.2013 Amending the AMLA,1999 to add 14 more predicate offences to the existing 11 make it now 25 predicate offences. Enacting the FTA, 2013 to adequately criminalize terrorist financing, establishing and implementing adequate procedures to identify and freeze terrorist assets. strengthening AML/CFT supervision to the reporting entities. Restructuring and double recruited personnels. 6

6 Designated List under the FTA, 2013 On 23 April 2013, AMLO published 291 UN List of persons and entities as the Designated List under the FTA, On 9 May 2013, AMLO published 3 local list of persons as the Designated List under the FTA, 2013 and later on, 13 more list was added, make it now 16 local list. These person and entities will be imposed as targeted financial sanctions and their assets will be freezed by Financial institutions and then report to AMLO. 7

7 Thailand is the lead shepherd in BIMSTEC SG-CFT. Bangladesh, India, Myanma, Sri-lanka Bhutan, Nepal and Thailand. From the last meeting in Bangladesh, the meeting agreed to set-up the BIMSTEC Consolidated List of CFT. 8

8 FIU (FINANCAIL INTELLIGENCE UNIT) OF AMLO (ANTI-MONEY LAUNDERING OFFICE) 9

9 (The Intake) Reporting Entities and requirement to report according to AMLA, 1999 Reporting Entities : 1. All Financial institutions Professions of DNFBP. 3. Land Department. Requirements : 1. Cash transaction 2 m.bahts. 2. Property transaction 5 m.bahts 3. Suspicious Transaction 4. Wired transfers 100,000 Bahts 20 m. transactions has been reported to AMLO. 10

10 AERS Database (AMLO ELECTRONIC REPORTING SYSTEM) Source of Information 1. Transaction Report from Financial Institutions according to Section Transaction Report from DNFBP according to Section Reports from the law enforcement officers who charged the suspects in predicate offenses. 4. Intelligence or Investigation Reports from Law Enforcement Agencies who investigate predicate offenses. 5. Tip-off from Cooperative Individuals. 11

11 (The Analysis) Transaction Analysis Process 1. REACTIVE ANALYSIS Receive Requests from other agencies i.e. Law Enforcement Agencies who investigate predicate offenses, foreign FIU s, Tip-off, etc. (Known target name and mostly known predicate offenses) 2. PROACTIVE ANALYSIS Utilizing sophisticated Software to analyze from AERS (Targeting suspicious names but unknown predicate offenses ) 12

12 On-line Databases Bio Data of Thai Citizens Cars Registration Thai Passports Criminal records AMLO Traveling Records Business Records Drug Records AERS Newspapers

13 7 Investigation Methods to collect evidences relate to predicate offenses 1. Casing 2. Surveillance 3. Debriefing or Interviewing 4. Undercover Agent / CI handling 5. Control Delivery (CD) 6. Forensic Science (Laboratory) 7. Financial Investigation (Paper Trails) 14

14 (The Dissemination) Output of Transaction Analysis Descriptive Report Link Chart 15

15 Softwares For creating Link Chart - I2 (Link NoteBook) (Suitable for both Automatic and Manual Methods) - Visual Link (Suitable for Automatic Methods particularly directly from AERS database). Capable for Data Mining and AI. 16

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20 AMLO and PNSB searched a drug trafficking house and found 21,888,500 Bahts cash.

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29 The asset found buried in the ground at Ratchaburi

30 Cash in 20, 50, 100, 500 and 1,000 Bahts denomination found in a money launderer house at charansanitwong rd.

31 Cash in 20, 50, 100, 500 and1,000 baht denomination

32 The seized vehicles pending for further action.

33 The Vehicles in Auction at AMLO

34 First, we shoot the lawyer. 39

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39 Law Enforcement From year More than 600 asset seizure cases More than 4 b. Bahts seized. 1.5 b. Bahts forfeited to Government from 450 cases. 44

40 Secretary-General Deputy Secretary-General Administration Director General Affairs Division Director Law Enforcement Policy Division AMLO STRUCTURE Beginning with 64 Officers In 2000 (With additional 35 in 2001, 36 in 2002, 27 in 2003, 60 in in 2006 and 200 in 2013) Total 450 Officers at present Plus 25 Employees Director Asset Management Division Director Foreign Affair Division Deputy Secretary-General Operation Director IT division Director Litigation Division 1-3 Director Financial Investigation Bureau Director Financial Intelligence Division Director Compliance Division Director Legal Division