The MOU with the AMLO aims to enhance collaboration for the benefit of preventing and suppressing money laundering with a focus on mutual sharing of information and agency-specific expertise. This joint effort would help to increase enforcement efficiency and prevent the use of business operators under the SEC supervision as a channel for money laundering or facilitating terrorism. This by extension would create credibility and confidence in the operation of business operators as well as the execution of transactions in the capital market and the digital asset market in line with international standards.

The MOU with the DSI aims to enhance collaboration for prevention and suppression of offenses related to special legal cases to improve enforcement efficiency. Such mutual effort will focus on increasing the speed and caution for the enforcement process as well as promoting cooperation for human resources development, sharing of knowledge and technological know-how to ensure justice in the prevention and suppression of offenses in special legal cases related to economic crimes.
 
The signing of these two bilateral MOUs is the result of the SEC discussion with the DSI on 21 May 2019 and the AMLO on 23 May 2019.

SEC Secretary-General Ruenvadee Suwanmongkol said: “The signing of these bilateral MOUs is our proactive approach toward better efficiency of the enforcement procedure to prevent and suppress offenses, strengthen investor protection, and build confidence in the capital market. This is an extension of our collaboration with both agencies after the previous MOUs with the AMLO and the DSI were signed in 2016 and 2005, respectively. Now, we are focusing more on fully integrated working collaboration in consistent with the current legal context and the changing business trends based on technological evolution.”

Police Major General Preecha Jaroensahayanon, AMLO Deputy Secretary-General and Acting Secretary-General, said: “Global digitalization has influenced remarkable changes in financial and investment products. Technology plays a vital role in facilitating more convenient and faster execution of financial transactions, but technology can be a two-sided coin as criminals too are stepping up their knowledge and skills to exploit technological loopholes and commit more crimes. Therefore, as a regulatory agency, both the AMLO and the SEC must keep abreast of the latest information and technological advancements to guard off criminals. We must extend our close collaboration and teamwork to make sure that our preventive measures on money laundering and fighting against financial support for terrorism and distribution of weapons for mass destruction are effective and recognized internationally. 

DSI Director-General Pol. Col. Paisit Wongmuang said: “Over the past 15 years, the SEC and the DSI have been cooperating under the framework of the bilateral MOU for cooperation signed in 2005 to prevent and suppress commission of offenses in violation of the Securities Law and other laws related to the capital market. Such offenses are economic crimes with significant, widespread effects on the economy, the society and the public. Under the framework of this new MOU, both agencies will give more weight to practical guidelines for prevention and suppression of crimes, especially with regard to proactive working approach for all types of offenses under supervision of the SEC. Our collaboration will also involve support for exchange of information and consultation, from the very beginning before a legal case is formed until the case becomes final, to promote utmost efficiency in our mutual efforts to prevent and suppress capital market crimes.”