Thailand may treat nominee ownership as money laundering
Ombudsman President Mr Songsak Saichue proposed classifying nominee shareholding offences as money laundering crimes, which would dramatically increase penalties for foreign investors including AMLO investigations, asset seizures, land confiscations, prison terms and fines of up to ฿3 million. The proposal is not yet government policy but signals a tougher enforcement stance as the crackdown on disguised foreign ownership widens from criminal syndicates to mainstream businesses.
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Nominee crackdown on foreign-owned businesses (24 updates so far)
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