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Anti-money laundering regulation was my first guess as to why, but it doesn't really fit because companies are not allowed to do anything to warn customers that
by cjg 11y ago
Anti-money laundering regulation was my first guess as to why, but it doesn't really fit because companies are not allowed to do anything to warn customers that they are under investigation. Cancelling their account could certainly tip them off to this and so it seems unlikely that it would comply.
Having said that, I don't know what the Thai regulations are. Perhaps this fits better under those.
- hackerboos 11y agoI read a FATF report that stated it was still far to easy to launder money in Thailand's cash economy. Reporting starts at 2 million baht ($56k) http://www.bangkokbank.com/BangkokBank/WebServices/AMLRegulations/Pages/Default.aspx http://www.bangkokbank.com/BangkokBank/WebServices/AMLRegula...