Thailand Cracks Down on Foreigners Using Thai Nominees

[webfact]

Image composite courtesy: MGR online

 

Thailand is taking decisive action against foreign businesses using Thai nominees to conduct operations within the country. The Commerce Ministry has unveiled a new plan spearheaded by Deputy Commerce Minister Napintorn Srisunpang.

 

This initiative aims to tackle illegal business practices that undermine local economic interests. The Ministry's subcommittee on nominee business prevention and suppression held significant discussions on Wednesday, bringing together several agencies to brainstorm strategies for identifying and prosecuting companies engaged in these unlawful practices.

 

Key representatives from several agencies attended, including the Department of Business Development (DBD), Department of Special Investigation, Central Investigation Bureau, Anti-Money Laundering Office (Amlo), Tourist Police Bureau, Immigration Office, Department of Employment, Department of Tourism, Department of Lands, and Revenue Department.

Together, they crafted a comprehensive strategy, proposing short-, medium-, and long-term measures for the cabinet's approval.

 

In the immediate term, existing laws will be utilised to scrutinise and take legal action against suspect businesses, explained Mr Napintorn.

 

Moving forward, the DBD plans to build an analytical system to detect nominee use by examining unusual business behaviour. This medium-term solution aims for completion in six months, adding an extra layer of vigilance by practising stricter law enforcement.

 

Looking to the future, the ministry is contemplating amendments to Amlo's laws, permitting the DBD to reject or cancel business registrations tied to money laundering risks. Proposed changes to the Foreign Business Act could increase penalties, hoping to deter nominee practices altogether.

 

Driven by numerous complaints against foreign businesses flouting Thai laws, the DBD is expanding its investigations. Particular attention is on online platforms, warehousing, and logistics sectors. The penalties for nominees could include imprisonment and hefty fines.

 

With this proactive stance, Mr Napintorn emphasised the government's determination to safeguard the Thai economy. He encouraged those involved in nominee practices to cease activities and cooperate with authorities, ensuring protection for compliant witnesses, reported Bangkok Post.

 

-- 2024-11-16

 

 

[Aussie999]

here we go again.... is this an attempt to draw attention away from Thaksin...or the Red Bull dude, or any number of issues.

[watchcat]

21 minutes ago, webfact said:

Thailand is taking decisive action against foreign businesses using Thai nominees to conduct operations within the country.

 

Hope this includes Cinese nationals.

[watchcat]

15 minutes ago, Aussie999 said:

is this an attempt to draw attention away from Thaksin.

 

Tony is intouchable we all know why.

[Tropicalevo]

18 minutes ago, watchcat said:

 

Tony is intouchable we all know why.

Thou jests surely.

If he was untouchable, why was he kicked out of power, victimised by a political criminal charge and had to flee the country for 20 years?

The military will kick him out again when they are ready.

Edited 2 hours ago by Tropicalevo

[CallumWK]

3 minutes ago, Tropicalevo said:

If he was untouchable, why was he kicked out of power, victimised by a political criminal charge and had to flee the country for 20 years?

 

Because something changed in 2019

[Tropicalevo]

1 minute ago, CallumWK said:

 

Because something changed in 2019

We are talking Thai politics here.

Changes are only ever temporary.

eg between 12 and 16 military coups (depending on if you include the 'silent ones') since the Siamese Revolution in 1932 when they changed the Absolute Monarchy.

The military are always in charge.

[ChaiyaTH]

Oh it's the foreigners again who are the reason things are not working out as predicted with revenues and tourism.... Did they ever consider that if foreigners all stopped too, there would be even less viable business, mainly in like tourism.

Edited 1 hour ago by ChaiyaTH

[watchcat]

39 minutes ago, Tropicalevo said:

If he was untouchable, why was he kicked out of power, victimised by a political criminal charge and had to flee the country for 20 years?

 

He wasn't kicked out, he fled the country with his money and then he made a deal with the top guy before he came back.

[patman30]

If they do actually do this work,
they will eventually get to company owned properties.

[Cabradelmar]

Again? And yet nothing ever seems to substantially change.... The hub of crackdowns 😂