Thai-Lao crackdown on money laundering 

Laos News Agency (KPL)
4/25/2006
 
A workshop entitled Anti-Money Laundering Training for
Mid-Management Officials for the Laos was held in Vientiane Capital
yesterday, co-organised by the Bank of Laos and the Anti-Money
Laundering Office of Thailand (AMLO).

The two-day training course was
designed to support Laos’ efforts in improving anti-money
laundering laws as well as the capacity of mid-management officials
in anti-money laundering framework. 

It was also aimed at enhancing the cooperation between Thailand and
Laos, leading to greater sub regional cooperation overall. 

The participants were educated on the practice of money laundering,
the use of high-technology observance facilities, high-risk areas and
the best way of collecting information to complete investigations. 

The workshop drew more than 30 participants from various agencies,
such as the Bank of Laos, the Customs Department, the Economic
Crime Police, the Attorney General’s Office, various financial
institutions, the Ministry of Foreign Affairs and other agencies.

During 22-24 December 2004, the 13th Thailand-Laos joint
commission meeting held in Laos which agreed that both countries
shall exchange information and training regarding money laundering. 

In order to put the plan into action, the network to combat against
crime and money laundering which are significantly increasing each
day as the result of growing economy, needed to be enhanced. These
problems require international co-operation, especially among
neighbouring countries.