Nationwide crackdown launched on illegal nominee shareholders and land holdings
DES Ministry to propose bill to protect people from online scams
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DES Ministry to propose bill to protect people from online scams
13 Sept 05:47Key points summarised by AI
Thailand's DES Ministry plans to amend the Technology Crime Suppression Decree, requiring communication providers to protect client data and increasing penalties for unauthorized information sales (e.g., from one to five years imprisonment).
The proposed bill also mandates commercial banks to enhance client protection against online scams, while the DES Ministry's 'Google Play Protect' partnership has already intercepted 41,000 scam attempts targeting bank accounts.
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.