money laundering

  • Crime

    Thailand to extradite alleged Malaysian scammer to China

    A Thai court ordered a wanted alleged Malaysian scammer to be extradited to China to face charges related to fraud on Wednesday. Both Malaysia and China requested the repatriation of Tedy Teow Wooi Huat, the founder of the Mobility Beyond Imagination Group (MBI), after he was allegedly linked to numerous scams, reports the Straits Times. Penang-born Teow attended a virtual…

  • Crime

    Bangkok court grants bail to Tuhao’s wife for 2 million baht

    Southern Bangkok Criminal Court granted bail to Pol. Col. Wanthanaree Kornchayanan – the wife of Chinese gangster Tuhao – for securities of 2 million baht this afternoon. Yannawa Police arrested and detained Wanthanaree and nine others yesterday on transnational drug and money laundering charges. The court does not usually grant bail to those accused on such serious charges in case…

  • Expats

    PayPal to lock out Thai users at end of month

    Most PayPal users in Thailand will be locked out of the service next month unless they jump through a series of complex and quite silly hoops that are intelligible only to Thai citizens. After a year of nothing but statements, PayPal told customers this morning that they cannot use the service after December 15 unless they take “certain actions” that,…

  • Politics

    Australia to sign human trafficking treaty with Thailand

    Thailand is set to sign a deal with Australia to counter human trafficking. Prime Minister Prayut Chan-o-cha is to meet Australian Foreign Minister Penny Wong in Bangkok today, as Wong continues her friendship tour of the Pacific. The deal comes as Australia actively seeks deeper engagement with Southeast Asia. The pair are expected to sign off on Australia’s support…

  • Thailand

    Thailand introduces new rule for cash deposit machines

    On November 15, people depositing cash into their bank account via cash deposit machines (CDMs) in Thailand will have to insert their credit or debit card and PIN to verify their identity. The Anti-Money Laundering Office (AMLO) said the new identification requirement is a safety measure to prevent money laundering earned from drug trafficking, gambling, and other criminal activity. Bank…

  • Crime

    Malaysian man arrested in Thailand for laundering gambling money

    Luck may have run out for a rich Malaysian businessman who allegedly laundered money from online gambling as police picked him up in Sadao in the Deep South Thai province of Songkhla. Teow Wooi Huat also known as Tedy or Jho Low 2, is accused of laundering money connected to online gambling in Thailand and is also wanted in Macau…

  • Phuket

    Two Ukrainian fugitives arrested in Phuket over US tax evasion scandal

    Two Ukrainian nationals wanted for fraud and tax evasion in the US were arrested in Phuket on Tuesday. The men fled to Thailand after warrants for their arrest were issued in Florida earlier this month. The pair are accused of providing employment for hundreds of illegal immigrants in America from 2007 – 2021 and evading $10 million in employment taxes.…

  • Thailand

    Thailand and Cambodia agree to intenstify crackdown on call-centre scams

    Thailand and Cambodia are reportedly working together to combat transnational online scams. Officials from both Southeast Asian countries met via video conference to discuss intensifying crackdowns on deceptive call centres and investment scams that have extorted money from citizens of both countries. During the virtual meeting with Cambodia’s Minister of Posts and Telecommunications Chea Vandet, Thailand Digital Economy and Society…

  • Drugs

    Alleged launderer for drug kingpin arrested, 70 million in assets seized

    A man alleged to be a money launderer for a major drug trafficking ring has been arrested. The alleged money launderer was linked to alleged drug kingpin “Nu Chen” and police seized about 70 million baht worth of assets at his house in central Bangkok. Police impounded 2 cars, 2 title deeds, 18 kilogrammes of gold bars, US $10,000, and…

  • Phuket

    DSI says land documents were illegally issued for the Phuket “Sri Panwa” resort

    The luxury resort in Phuket accused of land encroachment will now be investigated by the National Anti-Corruption Commission, the Department of Land, and the Anti-Money Laundering Office. Thailand’s Department of Special Investigations looked into the “Sri Panwa” project in Phuket and said that the resort illegally acquired land rights documents. According to Nation Thailand, the DSI found that Sri Panwa…

  • Thailand

    Pair allegedly steals phone cards valued at 240 million baht

    Yesterday, 2 people have been arrested for allegedly stealing prepaid phone cards. Collectively, they caused north of 200 million baht in damages. The two phone card nabbing suspects are 43 year old Naret Chamnong and 46 year old Phatcharalak Waenwong. They are both former employees of a mobile phone operator. Police searched 2 locations yesterday in Bangkok and Saraburi, a…

  • Crime

    Illegal casino operator accused of 4 charges including murder

    A man who is alleged to have been running illegal casino operations is now facing indictment on 4 charges, including murder. The Crime Suppression Division has called for the charges to be filed against Somchai Jutikitdecha, the 56 year old suspect that goes by Longjoo Somchai. The CSD first arrested Longjoo back in February of 2020, accusing him of being…

  • Economy

    China arrests 1,100 in cryptocurrency money laundering bust

    In what will only fuel perception in China that cryptocurrency is nothing more than a money laundering tool, security officials have arrested 1,100 people accused of using criminal profits to buy crypto. Chinese officials have been cracking down on cryptocurrency trade, which is banned in the country. The Ministry of Public Security in China says that Chinese police reportedly caught…

  • Crime

    Gold shop owner arrested for money laundering 30 million baht

    In a simultaneous raid of multiple locations around the Kanchanaburi province, police arrested a gold shop owner suspected of laundering money for drug smugglers. The Phet Thong Sap Thawee Lae Nalika Thong Thae Yaowarat gold shop in Muang district was raided by police and military and assets totalling about 30 million baht were impounded. The 32 year old shop owner…

  • Crime

    Activists try to call off auction for cats confiscated in drug trafficking raid

    With pedigree cats worth tens of thousands of baht up for auction by the Narcotics Control Board after being seized in a suspected drug network raid, animal rights activists in Thailand are calling on officials to suspend the auction. The cats, 5 Scottish Folds and a Bengal, were seized last week along with 35 million baht in assets suspected of…

  • Economy

    4 Thai banks to be investigated for “suspicious transfers” after FinCEN files report

    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…

  • Crime

    Panthongtae Shinawatra is a free man after AG decides not to appeal acquittal

    Panthongtae “Oak” Shinawatra, son of former PM Thaksin Shinawatra, is a free man, after Thailand’s Attorney General decided to not appeal against his acquittal for alleged money laundering. He was charged by the Department of Special Investigations after 10 million baht was deposited into his bank account by an executive of the Krisdamahanakorn Group of real estate companies, which was…

  • World

    Dutchman jailed for 100 years in Thailand for money laundering is released

    A Dutch citizen who was jailed for 100 years in Thailand, is now on his way home after years of campaigning for his release. His sentence was reduced to 75 years on appeal and later to 50 years by the Supreme court. Johan van Laarhoven, who ran several cannabis “coffee shops” in Holland, was jailed in Thailand for money laundering, along…

  • Crime

    AMLO warns about fake investment certificate

    The Anti-Money Laundering Office (AMLO) Acting Secretary General is warning that there has been a group creating fake English certificates, claiming that it comes from the AMLO and being sold to foreign companies. The scammers would approach the foreign companies that expect to invest in Thailand and tell them that they need the certificate from AMLO. So far, there’s already…