Thailand to cap e-money transfers by minors

14 Sept 01:35 Key points summarised by AI

Thailand's central bank and bankers' association will implement daily caps on e-money transfers for minors to protect them from online scams.
Daily limits will vary by age, ranging from 3,000 baht for those aged 10-12, 5,000 baht for 12-15, and 10,000 baht for 15-18.
The new restrictions aim to prevent minors from being exploited by cybercriminals who use their accounts for money laundering.
These measures are expected to take effect in September or October, following system adjustments by commercial banks.

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.