New fraud law takes shape

The Justice Ministry will propose new legislation to the National Council for Peace and Order (NCPO) to combat transnational money laundering, financing of terrorism, and other illicit financial transactions, the acting permanent secretary for justice says.

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Charnchao Chaiyanukit yesterday made the announcement after assistant army chief Paiboon Khumchaya, who oversees the NCPO’s legal and judicial affairs, stressed the need for legal amendments to toughen measures to check the money trails of illegal transactions.

Mr Charnchao said state agencies have separate laws but a new central law will be proposed to integrate their operations to boost efficiency in combating illegal transactions.

The law will be designed to allow authorities to verify evidence relating to accounting and financial transactions in a similar fashion to forensic science investigations, he said.

Under the proposed law, the military will be allowed to participate in investigations into cases involving threats to national security, Mr Charnchao said.

However, he said the law will also take into account freedom of trade, protection of human rights, a fair justice process and improved efficiency of law enforcers.

Mr Charnchao said the law, which will be presented to Gen Paiboon for consideration, will incorporate the operations of all agencies under the Justice Ministry, such as the Department of Special Investigation, the Anti-Money Laundering Office, the Office of the Narcotics Control Board and the Public Sector Anti-Corruption Commission.

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