The Effectiveness Enhancement in Enforcing Financial Crime: A Case Study of Witness and Evidence Measure

Abstract

A study of the Effectiveness of Enforcing Financial Criminal Laws: a case study of witness and evidence measures aims to analyze the meaning, Patterns and natures of the economic crime, (its criminals, and its factors), to study problems and limitations in evidence search and collection regarding financial Crimes; to study measures taken against assets and the financial crime under the anti-money laundering law of Thailand, and to study and analyze approaches to enhance effectiveness in the enforcement of evidence measures against the financial crimes in Thailand. Findings show that Thailand faces problems and limitations with search and collections of financial crimes evidences, particularly in the cases of cheating, security offence, stock market, public fraud under the criminal code or under ordinance and ill-mobilized network because they are sophisticate and complicate economic crimes. Technologies were used for offending and concealing evidences while performing organized and transnational crimes which makes it difficult for investigations and interrogations of evidence collections and the prosecutions of criminals. Also, taking action against assets from money laundering at the moment are likely ineffective.

Keywords: Effectiveness Enhancement, Enforcing Financial Crime, Witness and Evidence Measure