On Jun. 9, Thai AML issued reg on cash, reward payment re penalties.
Thai AML issued Regulation of the Minister of Finance on cash and reward payments for penalties in tourism business operations under the Prevention and suppression of money laundering act 1999, replacing the previous version from Nov. 5, 2025.
Outline of Regulation
Committee for Management of Cash and Reward Payments comprises Secretary-General as chairman; Deputy Secretary-General; Director-Generals from the Central Budget Office, Budget Office, Thai AML as well as Thai GVT representatives.
Committee pays cash to informants providing credible information concerning money laundering, terrorism financing, and tourism business operations according to criteria.
Enhanced payments for life, property, or employment damage due to cooperation.
Cash payment requests must be submitted within 90 days from penalty decision date or asset delivery request date; cash payments cannot exceed half of penalty amount or assets delivered under international cooperation; enhanced payment amounts.
To be determined by Committee considering appropriateness; payment requires Thai AML forms with supporting documents including identification, investigation results, guarantee letters, penalty decisions, as well as any other appropriate evidence.
