Nationwide crackdown launched on illegal nominee shareholders and land holdings
MoU with Thailand has no exit clause, bars unilateral end - Cambodia
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MoU with Thailand has no exit clause, bars unilateral end - Cambodia
15 Sept 19:10Key points summarised by AI
Cambodia asserts that MoU 43 with Thailand, registered with the United Nations, constitutes an international agreement that cannot be unilaterally revoked by either party.
This declaration responds to Thai Prime Minister Anutin Charnvirakul's expressed desire to terminate MoUs 43 and 44, with Cambodia emphasizing that MoU 43 lacks an exit clause and remains valid until its purpose of land boundary demarcation is fulfilled.
Controversy surrounds MoU 43's 2001 UN registration, which reportedly occurred without Thai parliamentary consent and included a 1:200,000 scale map that Thailand has since rejected.
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.