money laundering
- Thailand News
Young Thai CEO charged in 800 million baht fraud case
In a shocking twist to a massive investment scam, the CEO of a Thai company has been charged with aiding fraudsters who defrauded victims out of 800 million baht through a fake digital investment scheme. The accused allegedly registered a company used by scammers to launder money, receiving just 500 baht for his role in the elaborate fraud. Police Colonel Thiraphas…
- Thailand News
10 suspects arrested for money laundering linked to call centre scam
Police arrested 10 out of 32 suspects from eight provinces in Thailand for operating a money laundering scheme worth over 2 billion baht for a call centre scam gang. Officers from the Central Investigation Bureau (CIB) held a press conference yesterday, February 18, to disclose details of the money laundering crackdown. The operation, conducted throughout February, targeted 32 suspects involved…
- Pattaya News
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…
- Crime News
Former police officer accused of laundering 1.7 million baht
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. Police Major General Nopasilp Poolsawat, deputy commander of the Metropolitan Police Bureau and spokesperson,…
- Thailand News
AMLO freezes assets worth billions in major fraud crackdown
The Anti-Money Laundering Office (AMLO) has made remarkable strides in addressing fraud cases, including those involving notable figures and corporations, resulting in the seizure and freezing of assets valued at billions of baht. The development was shared by AMLO Secretary General Theppasu Bavornchotidara and Witthaya Neetitham, its spokesperson, following a meeting with the transaction committee. Twelve significant cases have seen…
- Bangkok News
Malaysian man and Thai wife arrested in Bangkok for money laundering
Cyber Crime Investigation Bureau (CCIB) officers arrested a Malaysian man and his Thai wife today at a luxury house in Bangkok for running a money laundering operation for a gambling website. The assistant to the Royal Thai Police (RTP) Commissioner, Thatchai Pitaneerabut, and the acting Commissioner of the CCIB, Trairong Phewphan, along with 20 other officers today, , December 17,…
- Thailand News
Krungthai Bank warns customers of scam letters
Krungthai Bank has issued a cautionary notice urging its customers to remain vigilant against scammers impersonating both the bank and police. These fraudsters have been distributing counterfeit letters alleging irregularities in bank accounts that necessitate financial scrutiny. Customers are advised to directly contact the bank or law enforcement if they have any doubts. Krungthai Bank took to their Facebook page,…
- Thailand News
Senate to tackle 7.5 billion baht fraud linked to Boon Vanasin
The Royal Thai Police (RTP) is gearing up for a crucial Senate showdown next week to tackle explosive allegations of fraud and money laundering against Boon Vanasin, the elusive founder of Thonburi Healthcare Group, currently believed to be dodging justice in China. This high-stakes scandal has captured widespread attention, with jaw-dropping financial losses in the mix. Senator Premsak Piayura, the…
- Crime News
Mother of online gambling suspect detained by Thai police
Police detained the mother of a serial illegal gambling operator in Thailand and transferred her to a women’s correctional facility after no relatives or lawyers submitted a bail request. She faces charges of promoting online gambling and money laundering. Investigators from Division 1 of the Central Investigation Bureau brought 51 year old Banyen Channara to the Criminal Court on Ratchadaphisek Road.…
- Crime News
Police probe Mae Tuck’s gold shop for money laundering
Police are set to investigate the gold shop business of Kornkanok Suwannabut, known on social media as Mae Tuck, to determine if it is being used as a front for money laundering. Kornkanok and her husband Kanpol face accusations of selling jewellery with less gold content than advertised during livestream sessions on her social media platform. Kornkanok has reportedly stated…
- Thailand News
Anti-money laundering complaint filed against Prawit Wongsuwon
A fresh anti-money laundering complaint has been lodged against former Thailand Deputy Prime Minister, and Palang Pracharath Party (PPRP) leader, Prawit Wongsuwon, following the release of one of four controversial audio recordings. The complaint was submitted by Prompong Nopparit, former spokesman of the Pheu Thai Party, to the Anti-Money Laundering Office (Amlo) yesterday, September 16. The audio recordings were aired…
- Crime News
Thai police arrest woman in 1.8 million baht call centre scam
Thai police arrested a woman involved in a money laundering scheme linked to a call centre scam that tricked victims into transferring 1.8 million baht. The woman confessed to opening bank accounts for the criminals for a fee. Police arrested 40 year old Yupaporn, in front of a house in Chang Klang, Nakhon Si Thammarat. This followed an order from Police…
- Crime News
Thai police suspend eight officers over online gambling probe
The Royal Thai Police (RTP) chief has signed an order to temporarily remove eight close aides of former Police General Surachate Hakparn, better known as Big Joke, from their positions, pending a serious disciplinary investigation related to an online gambling case. National Police Chief Police General Torsak Sukwimol issued the directive yesterday, September 2, appointing an investigation committee to look into…
- Thailand News
Central Fraud Register curbs mule accounts in Thai banking sector
The banking industry has taken a significant step towards curbing financial fraud by introducing a Central Fraud Register (CFR) system, designed to facilitate data-sharing and clamp down on mule accounts. In a joint effort with the Thai Bankers’ Association (TBA), the Bank of Thailand (BoT) began implementing this system last month, targeting the prevention and eradication of financial fraud related…
- Thailand News
Srettha urges AMLO to focus on large-scale drug syndicates
Prime Minister Srettha Thavisin directed the Anti-Money Laundering Office (AMLO) to prioritise seizing the assets of significant drug networks to cripple the narcotics trade. During an AMLO meeting yesterday, July 18, the Bangkok-born PM was briefed on the agency’s progress in implementing its policies and operations. The AMLO Secretary-General, Thepsu Bawornchotdara, reported that the agency had seized at least 523…
- Thailand News
DSI slaps Stark CEO with a torrent of charges
In a dramatic twist to one of Thailand’s largest corporate frauds, the Department of Special Investigation (DSI) charged Chanin Yensudchai, former CEO of Stark Corporation, with a slew of serious offences including money laundering and document forgery. Acting DSI Director Yutthana Praedam confirmed the charges also encompass negligence, fraud, embezzlement, and violations of the Securities and Exchange Act of 1992. Despite…
- Thailand News
Thai man seized for laundering 5 million baht from online gambling
In a striking cyber raid, the Thai authorities arrested a 29 year old man in Nonthaburi for his involvement in an online gambling ring and for laundering over 5 million baht through multiple transactions. The arrest was part of a larger crackdown on illegal online gambling activities facilitated by the website wtf55, which offered games such as Baccarat and Dragon Tiger.…
- Crime News
Thai police dismantle major illegal online gambling rings
Thai police delivered a significant blow to the online gambling industry with the dismantling of two major illegal betting websites. The operation, dubbed ZERO BET, saw the seizure of nearly 10 million baht (US$270,000) in cash and luxury assets, including high-end vehicles like Lamborghinis and BMWs, totalling over 60 million baht (US$1.6 million) in value. The investigation revealed an annual…
- Thailand News
Thai Ministry to reimburse victims of call centre scams
The Thai Ministry of Digital Economy and Society (DES) announced plans to reimburse victims with more than 10 billion baht worth of money and assets, previously seized from call centre scam operations. The assets, including 6 billion baht in cash, were retrieved by the Anti-Money Laundering Office (AMLO) in 2021, according to Minister Prasert Jantararuangtong. He iterated that AMLO is…
- Thailand News
Thai police suspect Russian and Thai firms in money laundering
Police in Phuket yesterday and today carried out a series of eight raids prompted by suspicions of a Russian man’s involvement in money laundering and the establishment of fraudulent companies by certain Thais. These sham firms were purportedly set up to aid foreigners in obtaining visas and work permits, as revealed by Police Major General Montree Theskhan, the commander of…
- Thailand News
Big Joke faces money-laundering charge linked to online gambling
Deputy National Police Chief Surachate “Big Joke” Hakparn faces a money-laundering charge linked to alleged online gambling, leading to a police summons. Today, March 17, Thung Song Hong Police Station officers delivered the notice from Metropolitan Police Division 2 to Big Joke’s residence on Soi Vibhavadi 60 Road, located in Bangkok’s Laksi district. Big Joke must acknowledge the charge at…
- Thailand News
Big Joke associates deny money laundering charges
Two close associates of high-profile police figure Surachate “Big Joke” Hakparn, vehemently denied all charges in a money laundering case linked to the online gambling website BNKMaster. The two suspects, Sub-Lieutenant Natthawut Huadwaew and Sub-Lieutenant Natthanant Choochak were granted bail of 100,000 baht (US$ 2,800) each at 10am today, March 13, at the Tao Poon Police Station after the Criminal…
- Crime News
Arrest warrants issued in money laundering probe linked to illegal gambling
The arrest of three police officers and a civilian is on the horizon as warrants have been sanctioned in relation to allegations of money laundering tied to an illicit online gambling network. A high-ranking police officer has also been issued a summons in connection with the same case. The Metropolitan Police Bureau’s Deputy Commissioner, Thinnakorn Rangmat, confirmed yesterday, March 12,…
- Thailand News
Property tycoon in KCUC embezzlement case to be charged
Property magnate Anant Asavabhokhin is to be charged with money laundering linked to the notorious Khlongchan Credit Union Cooperative (KCUC) embezzlement case. This development comes from a source within the Office of the Attorney-General (OAG). The money laundering charge, recently approved by Attorney-General Amnat Jedcharoenruk, is predicted to be enacted by the OAG’s special litigation office on April 2. Anant, former…
- Thailand News
Long-awaited arrest of Ufun pyramid scheme executive’s wife in Si Sa Ket
The long arm of the law finally reached Ratthakitbovorn, the wife of a Ufun online pyramid scheme executive, in Sisaket, nearly a decade after she disappeared. She was apprehended on Thursday, in front of a house in the Muang district of this northeastern province, by officers from the Consumer Protection Police Division (CPPD). The Ufun scheme swindled around 14,700 people…
- Thailand News
Thai senator faces lawsuit for alleged money laundering
Senator Upakit Pachariyangkun is facing charges after public prosecutors filed a lawsuit against him today, December 14. The Thai politician has been accused of money laundering and aiding a transnational criminal organisation. This legal action follows the Office of the Attorney-General (OAG) decision to indict Upakit on charges of money laundering, involvement in a transnational criminal organisation, and alleged support…
- Business News
Binance CEO admits to money laundering, fined over US$4 billion
Changpeng Zhao, the chief executive of Binance, allegedly admitted to money laundering violations in a US court yesterday. The confession will result in the cryptocurrency exchange he founded paying more than US$4 billion in fines. Attorney General Merrick Garland said Binance’s success as the world’s leading cryptocurrency exchange was partially due to its criminal activities. The Department of Justice (DoJ)…
- Thailand News
Ranong: Daughter of prominent village headman denies money laundering charges
The daughter of a well-known village headman from Ranong turned herself in to the police yesterday, denying allegations of money laundering and involvement in a drug trafficking network. The woman is also suspected of smuggling vehicles and illegal rubber across the border. The initial investigation took place at the Ranong Provincial Police Operation Center, led by Deputy Provincial Police Commander,…
- Business News
MAS to review Credit Suisse amid Singapore money laundering scandal
The Monetary Authority of Singapore (MAS) announced its intention to conduct an on-site review of Credit Suisse Group AG. The decision comes in the wake of a far-reaching financial scandal, in which at least one customer of the bank has been charged with money laundering. The review aims to assess the bank’s handling and monitoring of wealthy clients. The local…
- Crime News
Thai Police bust call centre gang linked to triple-murder case
The Royal Thai Police (RTP) yesterday made significant progress in cracking down on an infamous call centre gang, implicated in a shocking triple-murder case that sent shockwaves through the community of Pak Nam. The call centre gang is accused of defrauding a Thai man, leading him to murder his family and himself. Twenty-two warrants have been issued, with ten arrests…
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