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4 Thai banks to be investigated for “suspicious transfers” after FinCEN files report

Caitlin Ashworth

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4 Thai banks to be investigated for “suspicious transfers” after FinCEN files report | The Thaiger
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4 Thai banks are being investigated after an international money laundering report said the Thai banks had “suspicious financial transactions.” The report found 92 “suspicious” transactions in and out of Thailand totalling to $9,558,752 USD received in Thailand and $31,750,000 USD sent out.

Files were allegedly leaked from the US Financial Crimes Enforcement Network, known as FinCEN, and journalists from the International Consortium of Investigative Journalists, or ICIJ, tracked the money. The FinCEN Files report from the ICIJ says it “reveals the role of global banks in industrial scale money laundering,” citing a total of $2 trillion USD in suspicious global transactions from 1997 to 2017.

The Anti-Money Laundering Office plans to investigate Kasikorn Bank, Bangkok Bank, Krungthai Bank and the Export Import Bank of Thailand. The office’s acting secretary general Preecha Charoensahayanont says the office is discussing the report with the Bank of Thailand and financial intelligence organisations, according to the Bangkok Post. He says the information needs to be verified first.

“The information from the media has yet to be verified and no one knows if it came from an official intelligence organisation of the United States… There will be an appropriate response. It does not mean that whenever there is any news report, a big investigation will follow. That would cause panic.”

The Kasikorn Bank allegedly had 37 suspicious transactions, sending out $9,450,000 USD in suspicious funds and receiving $835,606 USD. Bangkok Bank allegedly had 52 suspicious transactions, receiving $5,966,141 USD and sending out $22,300,000 USD. Krungthai Bank allegedly had 2 suspicious transactions, receiving $200,000 USD. Export Import Bank of Thailand allegedly had 1 suspicious transaction, receiving $2,557,005 USD.

In 2016, the Bangkok Bank allegedly sent out $22,300,000 USD to the CIMB Bank Berhad. The Bangkok Bank also allegedly received a total of $5,920,731 USD from the Israel Discount Bank in 45 different transactions from June 2,2013 to November 12, 2013.

Kasikorn Bank allegedly sent out $9,450,000 USD to the DNB Nor Bank Asa. They also allegedly had 18 transactions with the VP Bank AG, receiving $511,606 USD, and 5 transactions 18 transactions with DMS Bank & Trust, receiving $324,000 USD.

Thailand suspicious transaction data by the International Consortium of Investigative Journalists FinCEN Files report. Click HERE to follow the money.

4 Thai banks to be investigated for

SOURCES: ICIJ | Bangkok Post

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2 Comments

2 Comments

  1. Avatar

    Glenn

    September 23, 2020 at 11:33 am

    “It does not mean that whenever there is any news report, a big investigation will follow. That would cause panic.”

    5555!!! That would cause panic! It sure would, too bad whoever stated that quote didn’t say WHO would be panicking 😉

  2. Avatar

    Toby Andrews

    September 23, 2020 at 4:21 pm

    Ah western banks launder money also, It is just they are better at it than the Thais.
    I bank really does not care where the money come from . . .
    Any reason will be believed by the bank.
    “I won it on a horse!”

    lol

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Caitlin Ashworth is a writer from the United States who has lived in Thailand since 2018. She graduated from the University of South Florida St. Petersburg with a bachelor’s degree in journalism and media studies in 2016. She was a reporter for the Daily Hampshire Gazette In Massachusetts. She also interned at the Richmond Times-Dispatch in Virginia and Sarasota Herald-Tribune in Florida.

Bangkok

Thai “net idol” arrested on attempted murder charges over alleged Bangkok shooting

Caitlin Ashworth

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Thai “net idol” arrested on attempted murder charges over alleged Bangkok shooting | The Thaiger
PHOTO: Facebook: เสี่ยโป้ อานนท์

Police arrested internet “idol” and self-professed gambler Apirak “Sia Po” Chat-anon who allegedly shot 2 men outside a massage parlour on Bangkok. Sia Po had turned himself in to police, saying he was at the shooting, but wasn’t carrying a firearm. Police arrested him on charges of attempted murder, illegal possession of a firearm, carrying the gun in public and firing shots.

The shooting happened around 10:30pm Tuesday night outside the Saree Sauna & Shop on Ratchaphurek Road in the Phasicharoen district, injuring 2 men. Reports don’t go into detail about the men’s conditions, or if they have been interviewed by police.

Sia Po told police he is a regular customer at the massage shop and was there on Tuesday with 3 of his friends while his brother was out on an “appointment” with 2 “rival” men at a nearby liquor store. Apparently, it didn’t go well. Sia Po’s brother along with 10 friends met up with him at the massage shop, but then the rival group arrived with possibly around 200 people. Sia Po says the rival men pointed guns at them and he estimates 60 shots were fired.

Sia Po claims he didn’t have a firearm and says he quickly fled the scene. He asked police to review surveillance camera footage. Police searched his family’s home and did not find any illegal weapons or other evidence.

The Bangkok Post once called Sia Po the “Gambler King.” Sia Po has advocated for the legalisation of gambling and the government even asked him to be an advisor on a committee reviewing the gambling law.

Sia Po is also a former boxer and a so-called “net idol.” Various Facebook pages and accounts are under Sia Po’s name. One account posts photos of himself with stacks of cash, many 1,000 and 500 baht bank notes, saying that he will pay girls who “make me happy.”

SOURCES: Bangkok Post| Facebook

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Krabi

Missing man’s body found in Krabi forest, wife believes he was killed

Caitlin Ashworth

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Missing man’s body found in Krabi forest, wife believes he was killed | The Thaiger
PHOTO: Thairath

The body of a missing man was found by locals walking through a forest in Krabi’s Plai Phraya district. The man’s wife believes he was murdered, but police have not announced if they will open a homicide investigation, saying they are waiting for autopsy results.

47 year old Arun Sittisang went missing in May. Authorities who initially examined the body believe he has been dead for at least 3 months. His wife, 47 year old Sujit Kaewwihok, travelled from Nakhon Si Thammarat to identify the body and says she thinks Arun was killed.

Arun’s 21 year old daughter says her father contacts the family on a regular basis since he often travels, but he suddenly stopped calling in May.

SOURCES: Nation Thailand| Thairath

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Crime

Thieves arrested after stealing safe containing 10 million baht

Maya Taylor

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Thieves arrested after stealing safe containing 10 million baht | The Thaiger
PHOTO: Khaosod

Police in the central province of Saraburi have arrested 6 people suspected of stealing a safe containing over 10 million baht in cash. Thai Residents reports that officers found over 7 million baht in US dollars and Chinese yuan, and over 3 million baht in Indonesian rupiah.

Saraburi police arrested the suspects on Monday, who have been named as, 34 year old Prem, who worked as a Chinese interpreter, 33 year old Wuttisad, 36 year old Bangorn, 36 year old Nipon, 39 year old Athit, and 24 year old Thanongsak.

It’s understood Wuttisad and Bangorn are married and recruited the other suspects to assist with the robbery, with Nipon finding the truck used in their escape. Prem is understood to have been very familiar with the office building where the robbery took place, confirming that security cameras were off at the time of the burglary on August 22. The thieves broke into the premises in the district of Muak Lek, in Saraburi, and managed to carry a safe down from the second floor, before absconding with it. The safe is believed to be the property of a Chinese national, named as Jang Hui Jwean.

Police are still searching for an additional suspect, named as 28 year old Thanawut Kaewprasit, from the north-eastern province of Chaiyaphum. Officers have also seized evidence, including 5 mobile phones, a truck registered in the north-eastern province of Nong Bua Lamphu, several bank books, and the clothes worn by the suspects when they carried out the robbery.

SOURCE: Thai Residents

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