More business transactions are being opened as con artists and swindlers develop their strategies
PUBLISHED: 7 Nov 2024 at 20: 04
To combat corporate mule accounts and nominee operations, the Ministry of Commerce’s Department of Business Development ( DBD ) and the police Central Investigation Bureau ( CIB ) are working together.
According to Karom Polpornklang, a lieutenant spokeswoman for the Prime Minister’s Office, the prime minister’s office has issued a policy to combat cybercrime, with a focus on cracking down on business mule accounts frequently used by criminals to obtain illicit funds.  ,
In reaction, the DBD and the CIB reached a memorandum of understanding to start a joint construction that would combat the use of nominee services to elude the identification of those responsible for criminal activity.
According to the two parties, these combined efforts will simplify resources and legal authority across companies and improve both preventive and punitive methods to effectively deter criminal activities.
More fraudsters are registering business entities to start mule accounts, according to Mr. Karom. Therefore, using these accounts, you can use them to send money to defrauded fraud victims, who are frequently duped by phony call centers.
Lately, authorities identified 602 business animal transactions linked to costs exceeding 680 million baht.
In a different development, the Department of Special Investigation ( DSI) recently raided 21 safety deposit boxes at Lop Buri province’s commercial banks, exposing approximately 300 million baht in assets connected to money laundering by the” Mae Mon” online gambling network.
The property included metal, property deeds, jewels and 15 million ringgit in cash.