New system to help screen nominee businesses

New system to help screen nominee businesses

The Commerce Ministry is developing the Intelligence Business Analytics System (Ibas) to effectively screen and identify nominee businesses, with the system expected to be operational in August.

Thailand targets nominee businesses as 47,000 firms face foreign ownership review

Anukool says the crackdown follows PM Paetongtarn’s directive to tighten oversight of illegal foreign-owned businesses. BANGKOK, Thailand – The government has intensified efforts to clamp down on illegal foreign-owned businesses and the distribution of unlawful goods, with more than 57,000 cases prosecuted and damages surpassing 2 billion baht over the past nine months. The crackdown, overseen by the Committee on the Management and Resolution of…