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Money-laundering regulations start tomorrow

Legacy Phuket Gazette

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Money-laundering regulations start tomorrow | The Thaiger

PHUKET: From tomorrow, anyone wanting to withdraw more than 2 million baht in cash from a bank account – or deposit more than that amount in cash – will have to fill in certain forms in order to comply with the Money Laundering Control Act of 1999. “This applies to cash transactions of more than 2 million baht. The purpose of the regulation is to prevent people from laundering money obtained from drug trafficking, corruption and so on,” explained Prayoon Tantawarak, acting manager of Bank of Asia, Phuket Branch. K. Prayoon explained that anyone making such transactions at Bank of Asia will have to fill in a form stating the following: – Full name, – ID card number, work permit or passport number (the original document must be produced at the bank), – Occupation, – Permanent and workplace addresses, – Phone and fax numbers, – Type of transaction, – The amount, and – Details of the person who will receive the money, and why they are receiving it. If the transaction is being done on another person’s behalf, a second part of the form must be filled in, giving the same details about that person. The regulations will also apply to anyone wishing to buy or sell traveler’s checks to the value of more than 2 million baht. The only exception to the regulations is made in the case of crossed checks drawn on an existing bank account. These can be traced by the Money Laundering Committee, which administers the new law. Those wishing to make large cash transactions are urged to contact their own bank for details of the bank’s specific requirements.



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Business

Some restrictions lifted for superyachts in the region

The Thaiger

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Some restrictions lifted for superyachts in the region | The Thaiger

PHOTO: katarocks.com

Thailand is poised to ease rules on bareboat charters as well as introducing new measures to attract more luxury and super yachts into the region.

The new measures were laid out in a presentation called “Highlighting Strategies for Attracting Yachts and Improving Safety at Sea” held at the 2019 Thailand Yacht Show and Rendezvous in Phuket.

Gordon Fernandes, Asia Pacific Superyachts co-founder, outlined new measures to attract Superyachts in the meeting attended by officials from Thailand’s Customs Department.

Representing Thailand’s Customs Department, Kanchana Suwanicho, updated delegates on the rules applying for a temporary stay for yachts as well as outlining revisions for bareboat charter rules.

ttrweekly.com reports that, under the revisions, bareboat charters will not need to hire a Thai registered captain and engineer to be present on board vessels for the sailing duration.

“Out-dated rules are being reviewed, but due to recent boating tragedies involving foreign tourists authorities are concerned about potential safety lapses.”

Stating that Thailand wants to continue being the ‘Yachting Hub for Asia’ Kanchana said bareboat charters would not be required to hire a Thai captain and engineer, but the charterer would be required to show they had qualified personnel to assume full responsibility.

The Revenue department confirmed it was actively working to resolve a stumbling block linked to Superyacht charter licences.

“Once this stumbling block has been removed foreign flagged yachts, over 30 metres long, will be allowed to legally charter in Thailand. This will be a major boom for the industry both in Phuket and across the region.”

The easing of restrictions for superyachts coming to the region has been a major issue of the founder of the Thailand Yacht Show and Singapore Yacht Show, Andy Treadwell.

Some restrictions lifted for superyachts in the region | News by The Thaiger

Attendees of the “Highlighting Strategies for Attracting Yachts and Improving Safety at Sea”

PHOTO: ttrweekly.com

Some restrictions lifted for superyachts in the region | News by The Thaiger

Gordon Fernandes, Asia Pacific Superyachts co-founder – PHOTO: Guy Nowell

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Phuket

Suspect hands himself in to police, denies charges in Saphan Hin shooting

The Thaiger

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Suspect hands himself in to police, denies charges in Saphan Hin shooting | The Thaiger

A suspect has handed himself in to police after an arrest warrant was issued over a Saphan Hin shooting last week. The suspect is denying the charges.

A Thai man was shot dead near Saphan Hin in eastern Phuket last week. An arrest warrant was issued for the suspect shortly after as police went hunting for the suspect identified by witnesses.

Read more about the shooting HERE.

Wichit Police Chief Col Nikorn Somsuk says, “The suspect is 23 year old Jakkrit Sangsaard. Yesterday he presented himself to police for the shooting and carrying gun in public changes. He has denied the charges and been bailed.”

“At this stage we believe that the suspect and the dead man, Teerasak, had a previous conflict.. Teerasak stopped his motorbike and tried to fire a shot at the suspect but the gun misfired. The suspect then shot back. We are continuing our investigation.”

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Phuket

Legal action taken against people who removed beer cans from beer truck accident scene

The Thaiger

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Legal action taken against people who removed beer cans from beer truck accident scene | The Thaiger

PHOTOS / VIDEO:  Thanakrit Asulyakul / Mana Sombat / Kanlaya Singkangrang / Kritsada Mueanhawong

Legal action has already been taken against four people who ‘removed’ beer cans after a truck carrying boxes of beer cans overturned in Phuket on January 11.

A logistic company representative has filed a report with police after more than 80,000 beer cans, valued at more than two million baht, mysteriously “vanished” after the truck overturned in Rassada.

Read more about the incident outside a Rassada 7/11 HERE.

The Phuket City Police Chief Col Sompong Thiparpakun says, “Four people have now been arrested. They have admitted that they saw other people taking beer cans, so they did too. They say they have consumed the contents of all beer cans. ”

“If evidence can be provided that other people took these beer cans and sold them, legal action will be taken against them too.”

“It was illegal to remove these items from the crash scene.”

Legal action taken against people who removed beer cans from beer truck accident scene | News by The Thaiger

Legal action taken against people who removed beer cans from beer truck accident scene | News by The Thaiger Legal action taken against people who removed beer cans from beer truck accident scene | News by The Thaiger Legal action taken against people who removed beer cans from beer truck accident scene | News by The Thaiger Legal action taken against people who removed beer cans from beer truck accident scene | News by The Thaiger

 

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