Thai police crack down on Chinese money laundering in Chon Buri
The Thai Central Investigation Bureau (CIB) has initiated an extensive operation called “Operation Dragon Slayer” targeting over 40 Chinese businesses in Chon Buri that are suspected of laundering money through cryptocurrency and taking advantage of foreign tourists.
Intelligence gathered by CIB officers suggests the involvement of Chinese nationals in call centre scam groups. These individuals allegedly used cryptocurrency to purchase properties under company names, which were then leased to other Chinese tourists visiting Thailand. The businesses provided travel services and packages, accepting payments via multiple channels, such as digital assets like USDT, foreign currency, or cash.
During the operation, investigators discovered several Chinese tourists residing in properties currently under scrutiny. They also identified a pool villa, bought by the suspects, slated to become a rental business worth over 20 million baht. Further inquiries have revealed the existence of over 40 similar companies in Chon Buri connected to this network.
The CIB has warned the public against supporting foreign nationals who exploit Thailand’s legal loopholes to register companies, as this may result in criminal charges, including imprisonment and fines. Those certifying false registration documents risk charges under Section 267 of the Penal Code for falsifying public documents. Additionally, individuals engaged in cryptocurrency trading are required to obtain the appropriate licences from the Securities and Exchange Commission (SEC) or face penalties under the Digital Asset Business Law, reported The Pattaya News.
In similar news, the Office of Anti-Money Laundering (AMLO) lodged a complaint against a former senior police officer, accusing him of money laundering. This follows an investigation by Thung Maha Mek Metropolitan Police Station into a group involved in illegal online gambling, which revealed financial connections implicating certain individuals. AMLO filed a complaint against Police General Surachate “Big Joke” Hakparn and his wife Sirinatda “Kubkip” Hakparn at Bang Rak Police Station, accusing them of money laundering.
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