The Anti-Money Laundering Office (Amlo) recently announced that the global intergovernmental Financial Action Task Force (FATF) has agreed to upgrade Thailand from its "dark grey'' to "grey'' list following the passage of two bills to amend the Anti-Money Laundering Act and the Anti-Terrorism Act. That means Thailand is still considered a risk, but is making active progress to address FATF concerns. 

The decision came after Bangkok presented evidence to prove it was attempting to fight money laundering. Key to that evidence was the recent implementation of two bills on money laundering and financial support for terrorism. However, the process of upgrading Thailand from the list will not be completed until FATF experts have certified the amended laws are being fully enforced. 

The improvement in Thailand's position will strengthen foreign investor confidence and the country's reputation.