Phuket officials, exchange group discuss standards for currency services

Vice Governor Adul Chuthong met TAFEXS President Chanaporn Poonsap Hirun and her delegation at Phuket Provincial Hall on Friday, May 8, to discuss standards for currency exchange businesses in Phuket. Government officials joined talks on improving management of financial service operators and aligning foreign exchange services with international standards to support continued tourism growth.

The meeting linked financial governance directly to the island’s wider economy. Officials said stronger oversight would support confidence among international tourists and investors while protecting Phuket’s reputation as a world-class destination.

AML training plans and transparency goals

TAFEXS presented plans for anti-money laundering and counter-terrorism financing training during the session. The association invited local government agencies to join programmes designed to improve understanding of relevant laws.

Officials said the proposed AML/CFT programmes were also intended to strengthen transparency and accountability in financial business operations. The discussions were framed as part of broader government policy on financial transparency and money-laundering prevention.

Phuket authorities said maintaining strong financial governance remained important to economic stability. Relevant government agencies attended the meeting alongside the visiting delegation.

Source: https://www.thephuketnews.com/phuket-talks-industry-standards-for-currency-exchanges-100172.php