Showing 1 - 10 of 29
Innocent victims of the mule crackdown
Business, Somruedi Banchongduang, Published on 22/09/2025
» In recent days, public complaints have surged over the suspension of money transfers and payments via digital platforms, largely linked to authorities' crackdown on mule accounts.
Thai banks told to step up scam vigilance
Nuntawun Polkuamdee, Published on 19/09/2025
» The Securities and Exchange Commission (SEC) has urged Thai banks to tighten their account opening procedures and enforce stricter Know Your Customer standards, stressing that early intervention is crucial in blocking scammers who exploit mule accounts for money laundering and fraud.
Frozen bank account fears hamper QR codes
Business, Kuakul Mornkum and Nareerat Wiriyapong, Published on 16/09/2025
» Restaurant, wholesale and retail associations have expressed their concern about offering transfer or QR payment options to customers, fearing their accounts might be frozen as authorities address the mule account issue.
Bank of Thailand aims to quickly unlock frozen accounts
Somruedi Banchongduang, Published on 15/09/2025
» The Bank of Thailand is expediting efforts to unlock the financial transactions of suspended accounts affected by investigations into mules.
Innocent vendors’ accounts frozen as scammers exploit online purchases, police warn
Wassayos Ngamkham, Published on 14/09/2025
» Bank accounts of innocent online vendors are being frozen after scammers adopted new methods to launder stolen money, the Cyber Crime Investigation Bureau (CCIB) said on Sunday.
Thaksin touts golden visa, higher travel fees to boost Thailand
Bloomberg News, Published on 18/07/2025
» Former prime minister Thaksin Shinawatra suggested Thailand create a golden visa scheme for wealthy foreigners to become long-term residents and called on Airports of Thailand Plc (AOT) to hike passenger service fees to boost the sluggish economy.
Seizures top $2bn in Singapore laundering scandal
Bloomberg News, Published on 03/10/2023
» SINGAPORE - Authorities in Singapore have seized or frozen assets worth more than S$2.8 billion (US$2 billion) in a major money laundering investigation, a senior official said on Tuesday, while signalling the government could tighten immigration rules to curb illicit inflows.
Steps to wellness
Asia focus, Nareerat Wiriyapong, Published on 13/06/2022
» It takes about 90 minutes for an eight-seater plane departing Suvarnabhumi International Airport to reach an airport on a small island in Trat province in eastern Thailand. Then all the guests of Soneva Kiri, a luxury resort operated by an award-winning sustainable resort operator, board a speedboat for the five-minute trip to their destination on the unspoiled island of Koh Kood.
McDonald's to exit Russia, sell business in country
AFP, Published on 17/05/2022
» NEW YORK: American fast-food giant McDonald's said Monday it will exit Russia in the wake of the Ukraine invasion, ending a more than three-decade run begun in the hopeful period near the end of the Cold War.
The disappearing hotel
Business, Vijay Verghese, Published on 12/05/2022
» After a full two years of idling rooms, dwindling guest numbers and shrinking services, hotels across Asia are turning on the fairy lights once again. But returning guests gratefully collapsing at the altar of five-star devotion would do well to examine the miracles of 2022 with a healthily jaundiced eye.