Featured Thailand

On 17 January 2017, at Southwark Crown Court, Lord Justice Leveson approved a deferred prosecution agreement (“DPA”) between the Serious Fraud Office (“SFO”), and Rolls-Royce Plc and Rolls-Royce Energy System Inc (“Rolls-Royce”).[1] The third DPA agreed by the SFO has led some to wonder whether DPAs have finally come of age as a weapon the SFO’s enforcement arsenal. Read More
10th August 2018
A former Thai Buddhist monk who provoked outrage with his lavish lifestyle was sentenced on Thursday to 114 years in prison after a court found him guilty of fraud, money laundering and computer crimes. Wirapol Sukphol, who was seen in a YouTube video in 2013 holding wads of cash on… Read More
13th November 2017
By David Conn, Phakarat Ryn Jirenuwat, GUARDIAN The company which owns Leicester City and funded the club’s rise to become 2016 Premier League champions is to face multimillion-pound corruption charges in Thailand. A judge at Thailand’s central court for corruption and misconduct cases ruled at a hearing on Monday… Read More
18th October 2017
18 October 2017 Reporting by Aukkarapon Niyomyat, Suphanida Thakral, and Panu Wongcha-um, REUTERS The only son of fugitive former Thai prime minister Thaksin Shinawatra has been formally charged with money-laundering, the Department of Special Investigations told Reuters on Wednesday. Panthongtae Shinawatra is accused of receiving a 10 million baht… Read More
10th October 2017
10 October 2017 The Nation A call-centre-scam gang has duplicated the Line account of Anti-Money Laundering Office (AMLO) deputy chief Pol Major-General Romsit Weeriyasan to dupe a victim into wiring almost Bt1 million for “inspection”, Romsit revealed on Monday. Romsit, now acting AMLO chief, urged people to remain calm, not… Read More
27th July 2017
Thailand’s anti-money-laundering efforts have paid off and the country is confident it will no longer be included in any blacklist. A review by the Asia-Pacific Group on Money Laundering (APG) shows Thailand’s measures against money laundering are now on a par with Singapore. “Definitely, we will not be blacklisted again,”… Read More
29th June 2017
A Pakistani man has been sentenced to four years in prison for laundering nearly $20 million as part of an international computer and telephone hacking scheme. Muhammad Sohail Qasmani, formerly of Bangkok, Thailand, had pleaded guilty to conspiracy to commit wire fraud. Read More
24th May 2017
One in five banks in the Asia Pacific expects tax evasion in 2017 to increase 100 to 500 per cent over last year’s levels according to a recent poll by data analytics firm Fico. A further one in five senior fraud managers surveyed said they expect the increase to be… Read More
19th May 2017
As part of an investigation into alleged tax evasion, the Department of Special Investigation (DSI) seized 60 supercars from a major car importer on Thursday. Some 40 Lamboghinis and 20 supercars of various brands were seized from Niche Cars Group’s four-storey showroom in Suan Luang district on suspicion of tax… Read More
18th May 2017
The Department of Special Investigation will charge property baron Anant Asavabhokin with money laundering over a highly profitable land sale involving a subsidiary of the embezzled Klongchan Credit Union Cooperative (KCUC). The chief executive of the Land and Houses group is accused over the purchase of 46 rai of land in… Read More
13th April 2017
The Royal Canadian Mounted Police (RCMP) charged the head of a commercial aircraft company with conspiring to bribe military officials in Thailand. The alleged conspiracy is connected to a deal involving aircraft from the Thailand national airline. Larry Kushniruk, president of Canadian General Aircraft was charged in November under the… Read More
Must Read

Germany: Santander bank caught up in major tax evasion investigation

Prosecutors in Germany have launched a probe into the role Spanish bank Santander may have played in a widespread tax fraud scheme. The probe, which has seen the authorities examine the role of other banks, looks at allegations that Santander executed trades that facilitated ‘severe tax evasion’ between 2007 and… Read More

Denmark investigates Nordea Bank over money laundering allegation

Denmark’s state prosecutor has launched a probe into a complaint that Nordea Bank facilitated money laundering. The Danish State Prosecutor for Serious Economic and International Crime declined to name the firm that made the allegations, but said in a tweet: “We can confirm that we have received a report… Read More