Banks should play a bigger role in fighting corruption by monitoring money trails and alerting the Collective Action Coalition of any unusual transactions, says the secretary-general of the Thai Bankers Association.
“Bankers will set up a club to exchange information and report on unusual money transactions before forwarding notices to the CAC and anti-corruption networks,” Twatchai Yongkittikul said yesterday.
The CAC is a private-sector anti-corruption network.
Nine members of the TBA yesterday signed an agreement with the Thai Institute of Directors (IOD) to prevent and suppress graft. Together with the first batch of six banks, 15 banks have joined the anti-graft programme.
Including the nine banks, the campaign initiated by the IOD now has 67 corporate members.
Besides the CAC, banks should inform state agencies such as the Department of Special Investigation and the National Anti-Corruption Commission of unusual financial activities, Twatchai said.
Graft in this country is becoming serious and the pattern has changed from tea money to policy corruption, which is difficult to investigate.
Banks can help but civil servants should also cooperate with the private sector in weeding out corruption, he added.