MoU to crack down on nominee schemes, illicit funds
The Thai government signed a landmark MoU with 23 public and private agencies to crack down on nominee business schemes and illicit funds, aiming to improve transparency and restore investor confidence across the nation.
BANGKOK: The Thai government has formalised a nationwide crackdown on nominee business structures and so-called ‘grey capital’, with 23 public and private sector agencies signing a landmark memorandum of understanding (MoU) aimed at tightening enforcement, improving transparency and restoring investor confidence.