Singapore Funds Named in Huge Thai Money Laundering Case
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Singapore Funds Named in Huge Thai Money Laundering Case
SINGAPORE– Thai securities regulators and national law enforcement agencies have uncovered a massive cross-border money laundering scheme involving regional corporate networks. Investigators revealed that syndicates moved billions of baht in scam proceeds through offshore entities before targeting major domestic equities on the local bourse. Financial examiners found that organized crime syndicates directed illicit overseas money […] <p>The post…
The joint press conference by the Anti-Money Laundering Office (AMLO), the Economic Crime Suppression Division (ECSD), and the Securities and Exchange Commission (SEC) was headlined with great fanfare: "Dismantling an Epic Global Money Laundering Network." One might expect to uncover new information or new evidence in the case of illicit money laundering in the Thai stock market. However, it turned out to be mostly "old news." The post Illegal M…
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