Thailand lawmakers will be making some changes to the current regulation, in order to minimize crypto-related illicit acts.

According to the report, Pol Maj Gen Preecha Charoensahayanon – Acting Secretary-General of the Thai Anti-Money Laundering Office (AMLO) – revealed that money laundering often facilitated by cryptocurrency.

Therefore, he notified that AMLO will be making some amendments to the current anti-money laundering legislation of the nation, in an attempt to reduce the involvement of digital coins in criminal acts across the country, in the foreseeable future.

According to Charoensahayanon, the first amendment to the act will be requiring crypto exchanges to generate reports of their transactions, and submit them to AMLO. Despite not receiving any complaints at the moment, close observation needs to be conducted over the crypto space.

“We may not find any clue, but that doesn’t mean the wrongdoing does not occur.”

The reporter further included a previous case, in which the scammer employed Bitcoin (BTC) as a means of payment, to purchase company shares for victims, which indicates the possible prospect of cryptocurrency involved in illegal acts.