proportionately equivalent to that applied to the banking system. In the medium-term, the
MoAC should do its utmost to separate its regulation and supervision functions from its
promotion function and ensure the independence of the regulation and supervisory functions.
The ongoing collaboration between the BoT and the MoAC should be institutionalized, and the
regulatory and technological capacities as well as the enforcement powers of relevant
departments of the MoAC should be strengthened. If there is insufficient progress in addressing
the current supervisory weaknesses in the next three to five years, consideration should be given
to transferring the supervision of cooperatives to the BoT or to a new institution equipped with
the relevant expertise and supervisory powers.
•
Determine the actual level of debt of cooperative members. Financial cooperatives should be
required to report members’ debts and repayments to the NCB. The supervisory capacity of the
MoAC should be enhanced in collaboration with the BoT and MoF to adopt recommended
macroprudential measures to cooperatives.
G. AML/CFT
30. The AML/CFT shortcomings identified by the Asia Pacific Group in the 2017 mutual
evaluation report are being addressed, but further efforts are needed to enhance the
effectiveness of Thailand's AML/CFT regime. It is key to require that: (i) lawyers are covered
under the AML/CFT framework; (ii) beneficial owners are verified without the need to determine the
presence of money laundering/terrorist financing (ML/TF) risks; (iii) the source of wealth of politically
exposed persons (PEPs) is identified; and (iv) financial institutions report suspicions of ML/TF on
transactions between government entities. The capacity of the Anti-Money Laundering Office
(AMLO) to conduct AML/CFT supervision, especially in the financial sector, should continue to be
enhanced and directed at the risks. Sanctions for AML/CFT violations need to be dissuasive and
proportionate. TF and proliferation financing investigations should be pursued.
THAILAND
Do'stlaringiz bilan baham: |
