bank account
- Thailand News
£230k from Jersey bank returned to Thailand after corruption probe
More than £230,000 (about 10 million baht) seized from a Jersey bank account is being returned to Thailand following a high-profile investigation spearheaded by US police. The funds were linked to a major corruption scandal allegedly involving Gerald and Patricia Martha Green, who were found guilty of bribing former Thai Tourism Authority Governor Juthamas Siriwan and her daughter, Jittisopa. The…
- Thailand News
Crackdown on financial crimes suspends 34,000 bank accounts
The Thai Bankers Association (TBA) announced a significant crackdown on financial crimes, blacklisting 15,000 individuals and suspending 34,000 bank accounts linked to call centre scams. TBA Chairman Payong Srivanich revealed today, September 2, that the association’s new AI-driven system, the Cross-Reference File (CRF), uncovered over 15,000 people involved in money laundering schemes. This system, which has been analysing data from…
- Thailand News
Thai businesswoman loses 29 million baht from bank account
A complaint has been lodged with Thailand’s Ministry of Interior after a businesswoman discovered that 29 million baht had been withdrawn from her account without her knowledge. The matter is now under review to determine the appropriate course of action. Real estate businesswoman 60 year old Kirana and Akkarawat Kraisisombat, also known as Tae Achiva, submitted a petition to the…
- Thailand News
Buriram woman loses 530,000 baht in unauthorised transfers
A woman in Buriram is in distress after discovering 530,000 baht missing from her bank account, with two banks deflecting responsibility. The funds were transferred to accounts in China and Vietnam, although the account holder insists she did not authorise the transactions. Benjawan Supanam, a 35 year old resident of Buriram, reported that money had vanished from her bank account.…
- Business News
CIMB promotion offers increased interest rates for saving accounts
CIMB Thai is offering a new range of savings accounts with increased interest rates until the end of July. Beginning on June 1, CIMB Thai customers who open a ‘Speed Savings Account’ will receive an increased bonus interest rate to help grow their savings. Each savings account will receive a base interest rate adjusted based on the total amount of…
- Business News
Thailand tackles fraud with mobile bank account name verification
Mobile bank account holders can continue using their services uninterrupted as authorities work to ensure the names of account holders match those of phone subscribers, according to the Ministry of Digital Economy and Society (DES). This initiative aims to tackle the misuse of bank accounts by fraudsters. The crackdown, launched at the beginning of the week, has caused some concern…
- Thailand News
Thai mobile banking sim names & accounts must match or else
Starting tomorrow, individuals using mobile banking in Thailand must ensure that the name registered on their mobile SIM card matches the name on their bank account. Failure to comply will result in the suspension of their mobile banking services. Thailand’s Ministry of Digital Economy and Society announced a new measure aimed at curbing fraudulent bank accounts and SIM cards, commonly…
- Guides
Thai Legal Protection introduces an exclusive member privilege: Opening a Thai bank account on a tourist visa
Thai Legal Protection, a leading provider of legal assistance and support services in Thailand, is thrilled to announce an exclusive member privilege aimed at simplifying financial transactions and enhancing security for expatriates and tourists alike. Members of Thai Legal Protection can now open a Thai bank account while on a tourist visa. This unlocks a host of benefits and conveniences.…
- Thailand News
Thai bank customer’s account drained from 300,000 to 5,000 baht
A Facebook user’s shocking discovery that her bank account balance plummeted from 300,000 baht to just 5,811 baht after 20 unauthorised withdrawals sparked widespread concern over bank security. The user’s post, which included screenshots of the transactions, has gone viral, calling into question the safety of depositing money in banks and urging a swift explanation from the financial institution. In…
- Thailand News
Unsuspecting Singapore chef uncovers Thailand-based vice ring
A Singapore chef found himself entangled in a web of illegal vice activities linked to a Thailand-based syndicate. The Singaporean man’s involvement in the illicit operation not only led to his arrest but also shed light on the sophisticated and lucrative nature of the syndicate’s operations in Singapore. After befriending a woman he met at a karaoke lounge in Golden…
- Retire in Thailand
Opening a bank account as a foreigner in Thailand: A guide
Thailand, with its natural beauty and urban convenience, is a magnet for people from all across the globe. If you’re one of them, you’ll need to open a local bank account to handle your finances. Whether you’re in the country to work, retire, or study, having a local bank account offers a range of advantages. It simplifies the process of…
- Thailand News
Unmasking the money: The underworld of ‘dummy accounts’ in illicit finance
A bank account referred to as a dummy account is typically held by a person who is not the actual owner. These accounts are commonly used in illicit financial activities such as fraudulent transfers, gambling, drug trafficking, or money laundering. Dummy accounts can be obtained in two main ways: 1. Paying someone else to open an account. 2. Deceiving or…
