The Anti-Money Laundering Act B.E. 2542 (1999) of Thailand as amended (“AMLA”) and the regulations issued under the AMLA apply not only to financial institutions but also to non-financial institutions who are professional operators (“POs”) under the AMLA.  This article discusses the duties of POs under the AMLA and its key regulations listed below: (a) ... Read More

On 25th October 2021, the Cabinet approved in principle the draft of the Royal Decree on Supervision of Digital Platform Services Required to be Notified (“DPRD”) to be enacted under the Electronic Transactions Act B.E. 2544 (A.D. 2001) to provide protection to consumers and digital platform users, enhance the credibility of digital platforms, and maintain... Read More

On 10th April 2021, the Thai Government enacted the Emergency Decree on Assistance and Rehabilitation for Business Operators Affected by the COVID-19 Pandemic B.E. 2564 (“ED”) to provide additional financial assistance to business operators affected by the COVID-19 pandemic by having the Bank of Thailand (“BOT”) provide soft loan and debt restructuring facilities up to... Read More

In response to the impact of the Covid-19 on the economy, the Government of Thailand has issued and implement dozens of financial, monetary, and medical and public health measures in the past 18 months.  One of them is the Emergency Decree on the Amendment to the Civil and Commercial Code (“CCC”) B.E. 2564, which was... Read More

The Ministry of Finance (MOF) recently issued its 3 notifications effective from 27th November 2020 to expand the definitions of the digital asset business, the digital asset business operators, and the criteria for the approval of the digital asset business license. 1.   MOF Notification on Prescribing Other Businesses Related to Digital Assets as Additional Digital... Read More