Why CHECK+ is the Smart Compliance Solution for Section 16 Businesses
Last updated: 13 Aug 2025
1331 Views
Why CHECK+ is the Smart Compliance Solution for Section 16 Businesses
Gold shops, diamond shops, and other businesses under Section 16 of the Anti-Money Laundering Act B.E. 2542 (1999) are legally required to report certain transactions including cash purchases or sales exceeding 2 million baht and any transaction suspected of being linked to money laundering.
CHECK+ simplifies compliance by consolidating all required functions into one easy-to-use platform, enabling businesses to operate efficiently, securely, and fully within the law.
What CHECK+ Can Do for Your Business
> KYC (Know Your Customer) Verify customer identity before processing transactions.
> Name Screening & CDD (Customer Due Diligence) Assess and categorize customer risk levels prior to sale.
> AMLO Reporting Submit suspicious or high-value transaction reports in line with Section 16 requirements, either in advance or automatically.
> Transaction Recording Log all purchase and sales transactions by customer for accurate recordkeeping.
> Secure Data Storage Store all compliance data in accordance with legal requirements while saving physical storage space.
Special Offer! for Gold Traders Association Members
Sign up by August 31, 2025, and get your first month free.
Email: sales@fyn.com
Line@: @checkplus (click : https://lin.ee/x0s2xdg)
Tel: 02-219-5559 | 065-915-8222
Facebook: CheckPlusByFynnet
Gold shops, diamond shops, and other businesses under Section 16 of the Anti-Money Laundering Act B.E. 2542 (1999) are legally required to report certain transactions including cash purchases or sales exceeding 2 million baht and any transaction suspected of being linked to money laundering.
CHECK+ simplifies compliance by consolidating all required functions into one easy-to-use platform, enabling businesses to operate efficiently, securely, and fully within the law.
What CHECK+ Can Do for Your Business
> KYC (Know Your Customer) Verify customer identity before processing transactions.
> Name Screening & CDD (Customer Due Diligence) Assess and categorize customer risk levels prior to sale.
> AMLO Reporting Submit suspicious or high-value transaction reports in line with Section 16 requirements, either in advance or automatically.
> Transaction Recording Log all purchase and sales transactions by customer for accurate recordkeeping.
> Secure Data Storage Store all compliance data in accordance with legal requirements while saving physical storage space.
Special Offer! for Gold Traders Association Members
Sign up by August 31, 2025, and get your first month free.
Email: sales@fyn.com
Line@: @checkplus (click : https://lin.ee/x0s2xdg)
Tel: 02-219-5559 | 065-915-8222
Facebook: CheckPlusByFynnet
