Nationwide crackdown launched on illegal nominee shareholders and land holdings
Owners of ten controlled wildlife species must notify officials by March 16th
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Owners of ten controlled wildlife species must notify officials by March 16th
23 Sept 04:15Key points summarised by AI
Thailand requires owners of 10 specific controlled wildlife species or their carcasses, acquired before October 19th, to notify authorities by March 16th.
Failure to report possession by the deadline will lead to legal action, including up to one year of imprisonment and/or a 100,000 baht fine.
Nationwide crackdown launched on illegal nominee shareholders and land holdings
Yesterday 15:20Key points summarised by AI
Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.