Slow economic recovery will limit Thai banks’ performance: Fitch Ratings Thai banks’ operating environment remains challenging due to a slow economic recovery and continued downside risks from the fallout of the Covid-19 outbreak, Fitch Ratings said. It will be particularly demanding for vulnerable bank clients, especially small businesses.Still, the risk of a severely stressed macroeconomic…
AMLO is investigating four Thai banks’ alleged role in suspicious transactions Thailand’s Anti-Money Laundering Office (AMLO) is verifying a report, by the International Consortium of Investigative Journalists (ICIJ), stating that four Thai banks have been involved in suspicious financial transactions over nearly two decades. The ICIJ’s report refers to files leaked from the Financial Crimes…
4 Thai banks to be investigated for “suspicious transfers” after FinCEN files report 4 Thai banks are being investigated after an international money laundering report said the Thai banks had “suspicious financial transactions.” The report found 92 “suspicious” transactions in and out of Thailand totalling to $9,558,752 USD received in Thailand and $31,750,000 USD sent…