BANGKOK, Sept 6 (TNA) — The Anti-Money Laundering Office (AMLO) is expanding international efforts to cope with sophisticated money laundering through its cooperation with countries in the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).
The movement happened in the 11th meeting of the BIMSTEC Sub-Group on Anti– Money Laundering and Combating the Financing of Terrorism (BIMSTEC SGAML–CFT) that AMLO organized at Eastin Hotel on Sept 3-4. The meeting gathered participants from Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand.
Acting AMLO secretary-general Pol Maj Gen Preecha Charoensahayanont said money laundering was more complicated as terrorists’ groups had access to the financial sources that required harder efforts to examine.
Therefore, international cooperation was essential to solve the problem. The meeting played important roles in promoting the international cooperation, he said.
“In this meeting, representatives of member states discussed key issues namely the drafting of an action plan to cope with the movement of illegal funds in the member states and the development of officials and capabilities to suppress money laundering and financial support for terrorism,” Pol Maj Gen Preecha said. (TNA)
