Huai Khwang targeted in nominee firm crackdown (opens original article in a new tab)

Thailand's Department of Business Development intensified its crackdown on nominee shareholding schemes in Huai Khwang district, targeting five businesses with suspected links to online gambling and money laundering.

• Department of Business Development intensified crackdown on nominee shareholding schemes in Huai Khwang district
• Five businesses targeted including restaurants, shrimp-fishing ponds, and a spa with suspected links to online gambling and money laundering
• Investigation found businesses using Thai nationals as nominee shareholders and suspicious financial transactions