By The Nation
Anti-Money Laundering Office (Amlo) acting secretary-general Seehanart Prayoonrat revealed the warning was based on reports his Amlo team had received from Sri Lanka about terrorist financial transactions. The information came in mid-March from a BIMSTEC sub-group meeting in Colombo.
He said Amlo had presented Thailand’s measures to prevent funding of terrorist groups and cited the need for international co-operation and observing UN Security Council resolutions. He said Sri Lanka’s Central Bank Governor, Arjuna Mahendran, cited that some banks suffered the problem of hackers penetrating electronic financial systems. He highlighted the necessity of a system to watch out for cyber criminals among member countries.
“Now banks are facing the challenge of digital or virtual currencies, especially Bit Coins. There is a need for measures to handle such matters, together with raising international co-operation in anti-money laundering and combating the financing of terrorism,” Seehanart added.
BIMSTEC comprises seven members: Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.