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AMLA Section 22 — Record-keeping
Anti-Money Laundering Act (พระราชบัญญัติป้องกันและปราบปรามการฟอกเงิน) — Section 22.
Plain-English Summary
Unless an officer directs otherwise in writing, financial institutions keep customer-identification records for five years from account closure or the end of the relationship, and transaction records for five years from the transaction; the identification rule also applies to Section 16 professions. Customer due-diligence records are kept for ten years from closure or the end of the relationship, and the Secretary-General may extend that by up to five more years for a specific customer (Section 22/1).
Official Text
Official Thai text at the Royal Gazette / Office of the Council of State. Translation summary only.
Consult official sourceParent Statute
Anti-Money Laundering Act
พระราชบัญญัติป้องกันและปราบปรามการฟอกเงิน · B.E. 2542 (1999)
The Anti-Money Laundering Act B.E. 2542 (1999) makes money laundering (Section 5) an offence by reference to a list of predicate offences (ความผิดมูลฐาน) in Section 3, and is administered through the Anti-Money Laundering Office (AMLO), a government agency established by Section 40. Financial institutions must report cash, high-value and suspicious transactions (Section 13); listed professions and businesses must report cash and suspicious transactions (Section 16); and customer identification and due diligence apply to both groups (Sections 20 and 20/1). Tipping-off is prohibited (Section 21/1, penalty in Section 66). Property connected with an offence can be provisionally seized or frozen (Section 48) and, on the public prosecutor's petition to the Civil Court, forfeited to the State (Sections 49 and 59). The monetary reporting thresholds are set by ministerial regulation, not in the Act. The Act can reach other finance-related businesses through the ministerial-regulation limb of the definition of financial institution in Section 3, limb (6).
The summary above is a plain-English educational paraphrase of Section 22 of the Anti-Money Laundering Act. It is not an authoritative translation. For the binding Thai text, consult the Royal Gazette or the Office of the Council of State. Educational use only — not a substitute for advice from a Thai-qualified lawyer.
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