Nationwide crackdown launched on illegal nominee shareholders and land holdings
Thailand’s medical cannabis dream turns into a smuggling nightmare
AI In-Brief
Thailand News in Brief
Thai PBS World
Thailand and the world, every day
AI can make mistakes. Please double-check.
Thailand’s medical cannabis dream turns into a smuggling nightmare
10 Sept 16:23Key points summarised by AI
Thailand's 2022 decriminalization of cannabis, intended for medical use, has inadvertently triggered a global smuggling crisis, with large shipments of Thai marijuana overwhelming international customs and damaging the nation's reputation.
The absence of robust regulation created a 'legal limbo,' fostering unchecked recreational use and a sharp increase in domestic public health issues, including cannabis poisoning, addiction, and psychosis.
Facing mounting international pressure and domestic criticism, the Thai government has pledged to enhance anti-smuggling efforts and crack down on illicit trade, while experts call for a re-evaluation of the policy.
Legislative efforts to pass a comprehensive Cannabis Act remain deadlocked in Parliament, hindering effective control and raising concerns that a lenient bill could perpetuate the smuggling and health challenges.
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.