Nationwide crackdown launched on illegal nominee shareholders and land holdings
Council of State advises against “overlapping claim area” term in MoU 44
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Council of State advises against “overlapping claim area” term in MoU 44
22 Sept 01:47Key points summarised by AI
MoU 44, a territorial understanding between Thailand and Cambodia, should not be unilaterally terminated to avoid negatively impacting bilateral relations.
The Council of State urges refraining from using the term “overlapping claim area” for the disputed Gulf region, as it could disadvantage Thailand in potential international legal cases.
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.