Nationwide crackdown launched on illegal nominee shareholders and land holdings
Tighter controls on temple bank accounts begin in October
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Tighter controls on temple bank accounts begin in October
13 Sept 08:33Key points summarised by AI
New ministerial regulations, effective October 1, mandate all public donations and temple proceeds be deposited into temple bank accounts.
A strict 100,000 baht limit will be enforced on funds held by monks or abbots in personal accounts or possession.
Monthly audits of temple and abbot accounts will commence to ensure proper spending and prevent financial misuse.
These financial controls are being implemented amidst public outcry over sex scandals involving senior monks and alleged misuse of temple funds.
The government plans to draft a bill introducing criminal penalties for monks and lay individuals involved in disciplinary infractions and financial mismanagement.
Nationwide crackdown launched on illegal nominee shareholders and land holdings
Today 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.