use a bank account of a Thai friend?

[agg211]

Just wondering : if a Thai friend opens an online bank account in his/her name and I use it with his/her permission, is this legal?

Edited September 9, 2016 by agg211

[manfredtillmann]

who would know?

i receive overseas deposits for my friends all the time, i do an atm withdraw and give them the cash - less the little ones...

[xvend]

As long as your friend allows you access, why not?

 

I've done this for several years.

 

I would suggest you have your friend sign a document in English and Thai in the case for some reason things turn sour.

 

Thailand is all about PROOF.

[chiang mai]

It depends what you mean by "use it". If you mean can you make overseas transfers into that account, from an account in your name? You may have problems since most banks only ant to transfer O/S to an account in your name - the obverse may also be true.

[tifino]

 

just make sure ( I mean 'hope' ) that once you have your money, in their account - that you remain friends...

[manfredtillmann]

5 minutes ago, chiang mai said:

It depends what you mean by "use it". If you mean can you make overseas transfers into that account, from an account in your name? You may have problems since most banks only ant to transfer O/S to an account in your name - the obverse may also be true.

there are many other ways to transfer money than using banks...

[lkn]

I think it depends mainly on what sort of transactions we are talking about.

 

Could this possibly be seen as tax evasion or money laundering?

 

[dabhand]

Think you should take care that your friend is not involved in any shady business dealings.

 

Have had recent knowledge of AMLO going after anyone that had financial dealings with people in illicit trades. Those receiving funds from such persons are being pursued by AMLO to return all amounts paid to them, for whatever reasons, pending legal investigation and possible permanent forfeiture.