Nationwide crackdown launched on illegal nominee shareholders and land holdings
Draft bill proposed to protect people from online scammers
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Draft bill proposed to protect people from online scammers
14 Sept 20:05Key points summarised by AI
The Digital Economy and Society Ministry has introduced a draft bill to amend the Cyber Crime Decree, aiming to significantly enhance protection against online scammers.
This bill imposes stricter accountability on banks and mobile providers for negligence, tightens controls on SMS links, limits SIM card ownership to five per person, and increases penalties for selling personal information, in response to over 739,000 online fraud complaints totaling 77 billion baht in losses.
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.