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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 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 "suspicious transfers" after FinCEN files report | News by Thaiger

SOURCES: ICIJ | Bangkok Post

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2 Comments

2 Comments

  1. Avatar

    Glenn

    Wednesday, 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

    Wednesday, 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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Read more headlines, reports & breaking news in Thailand. Or catch up on your Thailand news.

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.

Thailand

American arrested for alleged murder in Chiang Mai has past record of abuse in Colorado

Tanutam Thawan

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Photo via Facebook/ตำรวจภูธรจังหวัดน่าน

The American man who was recently arrested for allegedly murdering his pregnant Thai wife in Chiang Mai had been sentenced to 2 years of probation back in 2019 on assault charges after his gun went off while he was threatening a woman in Colorado. A report from the Associated Press says it appears to be the same woman.

Jason Matthew Balzer, 32, had initially faced attempted murder charges for assaulting a woman in Longmont, Colorado, but those charges were dropped. A Boulder District Attorney’s Office spokesperson told a local reporter in a previous report that “in every case, we need witnesses to testify at a trial. Unfortunately, due to issues with the victim’s availability, the higher charge had to be dismissed.”

The victim had called the police saying Jason had asked to have sex and then assaulted her when she said “no,” according to the arrest report. She told police he hit her face and slammed her head onto the bed’s headboard several times before taking out a revolver and threatening to kill her, the report says. The woman told police she pushed the gun and it went off near her head.

Balzer pled guilty to third-degree assault in December 2019 and was sentenced to 2 years of probation. In December 2020, Jason was arrested in Colorado after police allegedly found 73 guns in his van. Possession of firearms is a violation of probation. It’s unclear when Jason travelled to Thailand.

Since the case in Colorado involved a victim of domestic violence, the name was redacted in public court records, but a spokesperson for the District Attorney’s Office told AP reporters that the victim has the same name as the woman killed in Thailand. Based on photographs, the spokesperson says they appear to be the same person.

On Thursday, Jason was arrested in Chiang Mai. Reports say he confessed to stabbing and killing his wife, 32 year old Pitchaporn Kidchop, who was 3 months pregnant. Police say Jason sealed his wife’s body in a garbage bin before taking it to the woods about 5 kilometres away. In Thailand, a murder charge carries a maximum penalty of death.

Local police posted photos of the crime reenactment on Facebook. In Thailand, it is common for suspects to admit to crimes and reenactment the crimes to law enforcement officers and the press.

 

SOURCE: Time Call | Associated Press

 

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Crime

Thai woman admits to stealing lottery tickets from blind ticket seller in Bangkok

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A 57 year old Thai woman is admitting to stealing lottery tickets from a blind seller in Bangkok. The woman, Sumali Muangpluem, is now under arrest for allegedly stealing from the disabled seller in the underground Sutthisan Station train between November 25-27 of last year. Sutthisan police say they collected evidence of the same type of theft in many districts, leading them issuing an arrest warrant for Sumali.

Police say their investigations revealed that the suspect would approach blind lottery ticket sellers while holding several tickets in her left hand. She would then use the right hand to pretend she was choosing a ticket and pull all of the tickets off at once so that the lottery seller would only hear one ticket being pulled. She would then hand some tickets to the seller while she hid the rest so onlookers wouldn’t notice. She would then put the tickets in her bag while talking to the seller at the same time to keep her from noticing.

They say the suspect would then tell the seller she would be back to get the tickets and would leave money for the seller in the form of a deposit. One seller said he was keeping in regular touch with police as the same woman kept stealing lottery tickets from other blind sellers. He says he is afraid the suspect may hurt him because he filed a police report against her.

Police say Sumali has stolen about 450 tickets, valued at over 45,000 baht. They say she has stolen tickets at Victory Monument, Payathai, and Bang Na train stations in Bangkok.

SOURCE: Thai Residents

 

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Crime

American man arrested in Chiang Mai for allegedly killing pregnant Thai wife

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Photo via Siam Rath

An American man has been arrested for allegedly murdering his pregnant, Thai wife and hiding her body in a rubbish bin. Police say 32 year old Jason Matthew Balzer then dumped his deceased wife’s body in a field in northern Thailand. 32 year old Pitchaporn Kidchob’s mother became concerned for her daughter’s welfare after seeing Balzer flee their home on a motorbike. She then went inside the home to check on her daughter and found multiple bloodstains throughout the house.

After her mother notified police, they checked CCTV cameras and saw Balzer fleeing the area. They gathered a team of officers and sniffer dogs to go out looking for Pitchaporn’s body in a field about 15 kilometres from their house. There, they found her body stuffed inside a garbage bag. A report by Siam Rath says police arrested Balzer yesterday afternoon in the Hang Dong district of Chiang Mai, who then confessed to killing his wife and dumping her body.

Balzer moved to Thailand in 2019 after being previously charged in the state of Colorado in America for attempted murder at the age of 30. A report from TimesCall.com included details from the incident:

“The woman said she was sleeping in her bedroom when Balzer came in and wanted to have sex. The woman said she was tired, and Balzer became angry and took her phone.

She said Balzer then grabbed her arms and squeezed then and then hit her in the face and slammed her head into the bed’s headboard five times, according to the affidavit.

She told police Balzer then grabbed a revolver out of a desk drawer in the room and pointed it at her head saying, “I will kill you.” The woman was able to push the gun to the side, at which point it went off next to her head. She was able to get the gun away from Balzer and threw it under the bed.

The woman said that while Balzer tried to begin covering up the bullet hole in the wall, she fled to a neighbor’s house.

When police responded to the apartment, they found a fresh drywall patch in the ceiling and bullet damage to the kitchen floor, kitchen ceiling, bedroom floor and mattress. An officer also found the revolver under the bed.”

Balzer was arrested on suspicion of attempted, second-degree murder, felony menacing, second-degree assault, third-degree assault, criminal mischief, obstruction of telephone use, tampering with physical evidence, criminal tampering, domestic violence, and aiming a firearm at a person.

It is not known what type of visa Balzer obtained to enter Thailand. Police say he is in custody and is waiting to be transferred back to Nan province after fleeing to Chiang Mai.

SOURCE: Thai Visa

 

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