Thailand introducing AML Seizures for 'Nominee' Businesses

[wellington]

Thailand going full thievery mode.

Pretty much all businesses or real estate is technically a nominee in Thailand where theres external non-thai citizen involvement.

Now un-investable : https://www.nationthailand.com/news/policy/40050517

 

[burden]

Thailand to amend money laundering law to seize assets of foreign firms using Thai nominees, with 46,000 firms under investigation.

That's alot of companies! Are you one of them ?

 

[daniels27]

Yes, but the rule always has been more than 50% of Thai real estate ownership. If you try to play hard and circumenvent it, I think you knew the game.

 

[JackAlabama]

Thailand going full thievery mode.

Pretty much all businesses or real estate is technically a nominee in Thailand where theres external non-thai citizen involvement.

Now un-investable : https://www.nationthailand.com/news/policy/40050517

pretty much.
maybe the only thing left are the nvdrs, these can be done "legally".