Thailand ranks fifth in the ASEAN region for money laundering risks, according to the latest Basel AML index.
Key Takeaways
Thailand ranks fifth in ASEAN for money laundering risks, indicating the need for stronger measures to combat financial crimes.
Global money laundering risks are increasing, posing challenges for governments in imposing financial sanctions and addressing corruption and bribery.
The role of new technologies, such as cryptocurrency, highlights the importance of regulating and enforcing identified risks to protect financial integrity.
The country’s global ranking has improved by five places, but its score of 5.82 still indicates a higher level of risk compared to last year. Among the ASEAN countries, Singapore performed the best with a score of 4.30, while Myanmar had the lowest score.
The report emphasizes the growing global risks associated with money laundering and…
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