Central Bank asks police to take legal action against Payall Group

[webfact]

Central Bank asks police to take legal action against Payall Group

 

 

BANGKOK: -- The Bank of Thailand has lodged a complaint with the Economic Crime Division accusing Payall Group and its president, wellknown star Film Ratthapoom, of operating e-Money services without a proper license.

 

Mr Pruetthipong Srimachan, assistant governor for administration assistance affairs, said on Monday that the company violated the e-Payment Act B.E. 2544 and e-Payment Royal Decree B.E. 2551 as well as the junta’s Order No 58 regarding- e-Money business.

 

The maximum penalty for the offence is two years imprisonment and/or a fine of 200,000 baht, he said.

 

Meanwhile, Ms Sirithida Panomwan na Ayudhya, assistant governor of the central bank’s e-Payment system policy, disclosed that, in the middle of last year, Payall applied to operate e-Money transactions under Category A.

 

However, it was discovered later on that the company operated e-Money services under Category C without a license, she said, adding that the bank had received several complaints from people for the bank to investigate the company.

 

Full story: http://englishnews.thaipbs.or.th/central-bank-asks-police-take-legal-action-payall-group/

 

-- © Copyright Thai PBS 2017-02-21

[JAG]

He's obviously got access to pots of cash, asset seizure time - yeah!

[elgordo38]

9 hours ago, webfact said:

wellknown star Film Ratthapoom,

An honest mistake he did not need a license to become a well known film star either. 

[elgordo38]

9 hours ago, webfact said:

The maximum penalty for the offence is two years imprisonment and/or a fine of 200,000 baht, he said.

WOW and the fish feeding lady only got a 100,000 supposed fine. Something is fishy here 

[elgordo38]

Is it my imagination but his outstretched hand seems to be right under the word all. Is he signifying that one should give their all???

[webfact]

Central bank files complaint against PayAll
By THE NATION

 

 

THE Bank of Thailand (BOT) filed a complaint yesterday against e-wallet provider PayAll Group and others, who are accused of breaking a Royal Decree on the supervision of electronic payment services.

 

Pruettipong Srimachand, assistant governor for Management Assistance Group, said the central bank filed the complaint against PayAll with the Economic Crime Suppression Division after finding PayAll was guilty of failing to satisfy BOT conditions before opening its business.

 

However, he said the BOT could not reveal the names of PayAll executives and users of the service, nor the amounts of money paid into the e-wallet service due to the ongoing investigation.

 

The central bank spent one month investigating PayAll Group, which provides an e-wallet application under the brand PayAll that enables users to create prepaid accounts. Such transactions allegedly violate a Royal Decree on the supervision of electronic payment services and in regard to notification to the Ministry of Finance regarding businesses involved in e-money transactions. Business that Requires a Permit According to Section 5 of the Notification of the Revolution Council No 58 (Business of Electronic Money Card). 

 

Full story: http://www.nationmultimedia.com/news/national/30306824

 

-- © Copyright The Nation 2017-02-21