Mobile banking customers will need to prove ownership of number used

10 Sept 20:45 Key points summarised by AI

Mobile banking users must verify their SIM card ownership with their bank by April 30th if the registered name doesn't match their bank account, or face service suspension.
This new measure, effective immediately, aims to curb online scams that exploit "mule" bank accounts.
A significant discrepancy exists, with only 63% of 120 million SIM cards having owners matching actual users, while 25.68% do not, and 13.5 million lack owner information.
Exemptions apply to phone numbers registered by government agencies, private companies, or organizations for staff use, as well as numbers used by family members (with proof) and the disabled.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 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.