Nationwide crackdown launched on illegal nominee shareholders and land holdings
Thailand’s national lottery to stop paying out prizes in cash
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Thailand’s national lottery to stop paying out prizes in cash
17 Sept 22:15Key points summarised by AI
The Government Lottery Office (GLO) in Thailand has ceased cash payouts for lottery prizes, effective immediately.
Winners now have three alternative methods to claim prizes: direct bank transfers, checks issued by Krung Thai Bank, or collection at branches of Government Savings Bank, Krung Thai Bank, or BAAC.
Nationwide crackdown launched on illegal nominee shareholders and land holdings
Today 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.