Economy May 24, 2019 04:48

By The Nation

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Officials from the Securities and Exchange Commission (SEC) and the Anti-Money Laundering Office (AMLO) have agreed to go ahead with amending a memorandum of understanding (MOU) aimed at speeding up the legal processes to combat stock manipulation.

SEC secretary-general Ruenwadee Suwannamongkol said that the SEC had proposed setting up a joint committee to amend the MOU to reflect new legal issues and combine the working processes of both organisations. At a meeting, they also added a royal decree relating to digital assets.

The signing of the amended MOU is expected in June.

“The new MOU will add details of AMLO’s money laundering legal enforcement to cover new laws and digital asset transactions as well as fundraising in the form of crowdfunding,” Ruenwadee said.