Money Laundering in Thailand

The head of the Anti-Money Laundering Office in Thailand stated that over $3.7 Billion (120 Million Thai Baht) was laundered out of Thailand in 2011. The amount of money laundered is equal to 12.16 percent of Thailand’s GDP.

Half of the funds that was laundered was generated from illegal gambling, with the rest of the funds being generated from black market activities.

Source:  “Thai laundered money ‘mostly from gambling’,” Phuket News, September 4, 2013.