Gold shops told to join single-account scheme or face probe

By Thai PBS

 

 

The Revenue Department has asked defiant gold shops to enter single account system or else they could face money laundering probe.

 

According to the department, some 1,000 gold shops still refuse to register as legal entities, or enter the proper single-entry accounting system despite that the majority of 7,000 gold shops have registered.

 

Prasong Poontaneat, director-general of the department said this week that the department will submit information of these defiant gold shops to the Anti Money Laundering Office (AMLO) to handle.

 

Full story: http://englishnews.thaipbs.or.th/gold-shops-told-join-single-account-scheme-face-probe/

 

-- © Copyright Thai PBS 2017-12-06

All that glisters is not being accounted for! 

Careful - you don't want to upset some very very influential Chinese Thais.

 

 

I doubt many on this forum would be sad to see them all shut down.  

41 minutes ago, isaanbanhou said:

I doubt many on this forum would be sad to see them all shut down.  

Care to elaborate? 

Not an unreasonable request, with 7000 agreeing 

limited time given, or close thats quite simple, and if found in breach of closing 

confiscation,

The gold shop version of SINGLE GATEWAY 

2 hours ago, fullcave said:

Care to elaborate? 

Simple, no gold shops, no place for tilak to drag you into. 

15 hours ago, JAG said:

Careful - you don't want to upset some very very influential Chinese Thais.

 

 

Yeah, how dare the Royal Thai Government try to tell them what they can do and not do.