Nationwide crackdown launched on illegal nominee shareholders and land holdings
Cambodia threatens UN move if Thailand quits 2001 MoU
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Cambodia threatens UN move if Thailand quits 2001 MoU
23 Sept 02:43Key points summarised by AI
Cambodia threatens to invoke the UN Convention on the Law of the Sea (UNCLOS) if Thailand unilaterally withdraws from their 2001 Memorandum of Understanding (MoU) concerning overlapping maritime claims.
The 2001 MoU has served as the primary bilateral framework for managing maritime disputes between Cambodia and Thailand for the past 25 years.
Thailand's Prime Minister and Foreign Minister declared their intent to withdraw from the MoU, citing its ineffectiveness and its contribution to ongoing disputes.
Cambodia expresses deep disappointment over the potential withdrawal, emphasizing its commitment to peaceful resolution through international law and viewing the MoU as a crucial bilateral mechanism.
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.