Search Results for: money laundering
- Thailand News
Investigation links foreign elites in Thailand to money laundering
The Central Investigation Bureau (CIB) is currently investigating foreign nationals residing in Thailand under elite visas, suspected of engaging in shady business transactions and money laundering. This investigation was initiated following the disclosure of 52 year old Chinese suspect, Chen, who utilised a Thailand Privilege Card visa to reside in the country and launder substantial sums of money for call…
- Thailand News
Thai police suspect Russian and Thai firms in money laundering
Police in Phuket yesterday and today carried out a series of eight raids prompted by suspicions of a Russian man’s involvement in money laundering and the establishment of fraudulent companies by certain Thais. These sham firms were purportedly set up to aid foreigners in obtaining visas and work permits, as revealed by Police Major General Montree Theskhan, the commander of…
- Thailand News
Big Joke denies money laundering charges
Deputy National Police Chief Police General Surachate “Big Joke” Hakparn made a high-profile visit to the Taopoon Police Station yesterday afternoon, where he officially acknowledged the money laundering charges levied against him. After enduring four hours of intense questioning, he was eventually granted bail. Speaking to reporters as he exited the police station at around 8pm, Big Joke vehemently denied…
- Thailand News
Big Joke woes: Warrant issued for money laundering
The Criminal Court on Ratchadaphisek Road was the scene of significant legal developments as investigators sought an arrest warrant for Surachate “Big Joke” Hakparn, Deputy National Police Chief of Thailand, following three previously issued summonses. The request for his capture was rooted in allegations of money laundering and conspiring to commit a crime, related to an investigation into gambling websites.…
- Crime News
Arrest warrants issued in money laundering probe linked to illegal gambling
The arrest of three police officers and a civilian is on the horizon as warrants have been sanctioned in relation to allegations of money laundering tied to an illicit online gambling network. A high-ranking police officer has also been issued a summons in connection with the same case. The Metropolitan Police Bureau’s Deputy Commissioner, Thinnakorn Rangmat, confirmed yesterday, March 12,…
- Thailand News
Taiwanese man arrested in Pattaya on overstay and money laundering charges
Pattaya police yesterday arrested a Taiwanese man on charges of money laundering. Additionally, they discovered that he had overstayed his visa validity by over 430 days, equivalent to approximately a year and five months. Officers from the Sub-division 2 Tourist Police Division 1 and Chon Buri Provincial Immigration Office were alerted by the Taipei Economic and Cultural Office in Thailand…
- Thailand News
Thai senator faces lawsuit for alleged money laundering
Senator Upakit Pachariyangkun is facing charges after public prosecutors filed a lawsuit against him today, December 14. The Thai politician has been accused of money laundering and aiding a transnational criminal organisation. This legal action follows the Office of the Attorney-General (OAG) decision to indict Upakit on charges of money laundering, involvement in a transnational criminal organisation, and alleged support…
- Business News
Binance CEO admits to money laundering, fined over US$4 billion
Changpeng Zhao, the chief executive of Binance, allegedly admitted to money laundering violations in a US court yesterday. The confession will result in the cryptocurrency exchange he founded paying more than US$4 billion in fines. Attorney General Merrick Garland said Binance’s success as the world’s leading cryptocurrency exchange was partially due to its criminal activities. The Department of Justice (DoJ)…
- Thailand News
Thai woman arrested for money laundering suspicion at airport in Germany
The Central Customs Authority in Germany reported the arrest of a Thai woman at Frankfurt Airport on suspicion of money laundering. The woman is still being questioned by German authorities. According to a report on the official German Customs Authority website, officers at the Frankfurt Airport security checkpoint detained the Thai woman, aged about 50, on suspicion of money laundering…
- Business News
MAS to review Credit Suisse amid Singapore money laundering scandal
The Monetary Authority of Singapore (MAS) announced its intention to conduct an on-site review of Credit Suisse Group AG. The decision comes in the wake of a far-reaching financial scandal, in which at least one customer of the bank has been charged with money laundering. The review aims to assess the bank’s handling and monitoring of wealthy clients. The local…
- Thailand News
Russian man arrested for money laundering linked to scam call centre
Police arrested a Russian man for his involvement in a money laundering scheme for a scam call centre gang at a hotel on Koh Samui island in the southern province of Surat Thani. The arrest, on Sunday, September 3, followed the death of three people at a house in the central province of Samut Prakarn which was reported on August…
- World News
Singapore grapples with massive US$740 million money laundering scandal
Singapore is grappling with one of its largest-ever money laundering cases, involving over S$1 billion (US$740 million) of assets. Individuals, recently arrested and charged, allegedly held millions from unauthorised lending in China and illicit gambling in numerous banks such as United Overseas Bank, Citigroup and RHB Bank’s local units. Attempted fraud using counterfeit documents was also reported on banks including…
- Thailand News
Scam buster: Taiwanese mastermind nabbed in Bangkok condo for global web of crime, money laundering
Thai police arrested a Taiwanese man behind a money laundering operation, a scam call centre and organising online gambling gangs across Asia and Europe. The 39 year old man was apprehended in a luxury condominium in Bangkok. The Taipei Economic and Cultural Office in Thailand alerted the Royal Thai Police (RTP) about the wanted suspect, Guo She Min, due to…
- Thailand News
Thai state bodies unite to curb money laundering via digital assets
In an unprecedented act of collaboration, five Thai state bodies are colluding to tackle illicit fiscal operations and money laundering across national frontiers, reveals Traisuree Taisaranakul, the deputy government spokeswoman. The cooperative pact encompasses the Royal Thai Police (RTP), the Revenue Department, the Securities and Exchange Commission (SEC), the Anti-Money Laundering Office (Amlo), and the Bank of Thailand (BoT). Traisuree…
- Crime News
Lamphun FC President arrested over alleged gambling, money laundering links
Lamphun Warriors Football Club president has been apprehended in connection to a major gambling and money laundering network. The suspect, known as Boss Tal, was captured in Phayao province by authorities. Pol. Lt. Gen. Roy Inkapiroj, Deputy Police Chief and Director of the Center for Combating Cybercrime (PCT), yesterday announced the arrest of Phongsiri (Boss Tal). The suspect was charged…
- World News
Ex-Perlis MB faces false claims, money laundering charges totalling £460k
The Kuala Lumpur Sessions Court is set to hear the case of former Perlis menteri besar, Azlan Man, who faces five charges of making false claims and five charges of money laundering. Judge Azura Alwi granted the prosecution’s request to transfer all five false claims charges to the Sessions Court, and a trial date is being sought. Azlan, 64 years…
- Politics News
Thai senator faces indictment on money laundering, criminal organisation charges
A Thai Senator Upakit Pachirirangkun faces indictment on charges of money laundering and involvement in a transnational criminal organisation, according to Kosolwat Inthuchanyong, the spokesman for the Office of the Attorney-General. The decision follows a police investigation into the senator’s alleged connections with illicit activities, Bangkok Post reported this morning. However, 61 year old Upakit denied the charges. In a press conference…
- Thailand News
Court dismisses gambling, money laundering charge against Long Joo Somchai
The Criminal Court has dismissed a third gambling and money laundering charge against Somchai Jutikitdecha, also known as “Long Joo” Somchai, due to insufficient evidence. The case also involved his company and five other defendants, including Somchai’s son. Somchai was arrested in February 2021 at his home in tambon Mueang Phra, Rayong’s Muang district, following police raids on 10 locations…
- Hot News
Frenchman wanted for fraud, money laundering arrested in Pattaya
A Frenchman who is wanted for fraud and money laundering in his home country has been arrested in Pattaya, Thailand. Immigration police arrested Julien Aubourdier after being notified by the French embassy that France and Interpol had issued arrest warrants against him. Aubourdier is accused of fraud and money laundering in the amount of US$10.6 million or about 370 million…
- World News
The EU declares war on money laundering
“The rules we have in place to prevent money laundering are among the toughest in the world,” said the vice president of the European Commission, Valdis Dombrovskis, “but they must also now be systematically applied.” There hasn’t been enough of this in recent years. In practice, many EU member states don’t actually implement the rules or are simply too lax…
- Thailand News
Gold shop owner arrested for money laundering 30 million baht
In a simultaneous raid of multiple locations around the Kanchanaburi province, police arrested a gold shop owner suspected of laundering money for drug smugglers. The Phet Thong Sap Thawee Lae Nalika Thong Thae Yaowarat gold shop in Muang district was raided by police and military and assets totalling about 30 million baht were impounded. The 32 year old shop owner…
- Crime News
Dozens arrested in money laundering and drugs case
61 people have been arrested in one of Thailand’s biggest money laundering cases of the year, said to be worth more than 10 billion baht. The suspects are believed to be part of a drug syndicate and money laundering network, allegedly run by a 45 year old Chinese man identified as “Chien Ma,” who was caught earlier in Bangkok. Provincial…
- World News
Justice minister targets drug money laundering
With the government struggling to find revenue streams for its economic stimulus plans to rebuild an economy battered by Covid-19, Thailand’s justice minister thinks he has an idea to help. He wants authorities to target businesses that launder drug money from the Golden Triangle and has set a target of 1.5 billion baht by August. The minister says anti-drug forces,…
- World News
Dutchman jailed for 100 years in Thailand for money laundering is released
A Dutch citizen who was jailed for 100 years in Thailand, is now on his way home after years of campaigning for his release. His sentence was reduced to 75 years on appeal and later to 50 years by the Supreme court. Johan van Laarhoven, who ran several cannabis “coffee shops” in Holland, was jailed in Thailand for money laundering, along…
- Koh Samui News
Luxury hotel raided in Koh Samui over alleged money laundering
PHOTO: Oriental Lodge Koh Samui A luxury hotel in the south of Koh Samui was raided yesterday in an international money laundering probe. The raid was conduced by the Department of Special Investigation officers and Ministry of the Interior officials. The Komchadluek website reports that investigators allege that 100 million baht has been funneled through illegal activities at the Oriental Lodge…
- World News
Najib’s wife arrested, to be charged with money laundering – Malaysia
Datin Seri Rosmah Mansor, the wife of the former Malaysian PM, Najib Tun Razak, has been arrested by the Malaysian Anti-Corruption Commission (MACC). According to her lawyers, she was arrested at 3.20pm while giving a statement at the headquarters of the MACC. It has been learnt that the wife of the former prime minister will be charged with money laundering…
- Bangkok News
‘Benz Racing’ jailed seven years over money laundering
PHOTO: ‘Benz’ surrender to police in 2017 over allegations of money laundering – The Nation Motorcycle racer Akarakit Benz Worarojcharoendet has been sentenced to eight years in prison for money laundering. Ratchadapisek Criminal Court acquitted him of abetting drug-related offences during this morning’s hearing. 21 year old Akarakit was found guilty of laundering money by leasing a 20 million baht…
- Thailand News
Police kingpins Pongpat, Kowit get 10 more years for money laundering
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community Police kingpins Pongpat, Kowit get 10 more years for money laundering The Nation / Phuket Gazette PHUKET: Former crime-buster Pol Lt Gen Pongpat Chayaphan and a close police aide were yesterday given 10-year jail terms for money laundering. Five other members of the racket he ran…
- Phuket News
Police ramp up Phuket taxi mafia money laundering probe, identify targets in Patong
PHUKET: Officers from the Anti-Money Laundering Office (AMLO) will join the police investigation into taxi drivers who are possibly laundering money, as the Phuket taxi mafia crackdown continues with officers focusing their efforts on Patong. “We recently contacted AMLO and confirmed that a team from their office will come to Phuket this month to assist in our investigation,” Maj Gen…
- Phuket News
Taxi driver found with over B100mn in bank spurs money laundering investigation
PHUKET: The discovery of a taxi driver’s bank book that showed assets of more than 100 million baht has initiated investigations into possible money laundering. Officers discovered the bank book this morning while searching the home of the driver, who has not yet been named. “A number of drivers had unexpectedly high bank balances, and we intend to check each…
