Thailand wants tougher money smuggling laws

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Thailand's Anti-Money Laundering Office (AMLO) will propose stricter laws to allow any cash over the legal limit of US$20,000 (Bt642,000) that is brought into the country and not declared to be seized and forfeited to the state. Secretary general Seehanat Prayoonrat said his office would seek amendments by the National Legislative Assembly of three laws on money laundering to bring them up to international standard and prevent money laundering and terrorism more effectively.

Read the story by Piyanut Tumnukasetchai in The Nation.

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