Thai banks to charge for transactions abroad

15 Sept 10:39 Key points summarised by AI

Thai commercial banks will implement a 1% Dynamic Currency Conversion (DCC) fee for cash withdrawals made abroad, effective May 1st.
This 1% DCC charge will also apply to international credit card transactions for goods, services, and online purchases from foreign-registered merchants, with banks suggesting 'travel cards' as an alternative.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Today 15:20 Key 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.