DBD Bolsters Fight Against Illegal Business Activities
The Department of Business Development (DBD) has bolstered its efforts against illegal business activities. It has set up a dedicated division and a committee, chaired by the DBD director-general, to tackle these issues head-on.
The DBD, under the leadership of Poonpong Naiyanapakorn, has created the Division for Prevention and Suppression of Illegal Business Activities. This division will handle cases directly, ensuring swift action against offenders.
The committee, appointed by an official order, held its inaugural meeting on Oct. 1. Its primary goal was to establish policy frameworks and strategies. It also formed subcommittees, each focusing on different aspects of illegal business activities. These subcommittees will define methods, measures, and strategies to prevent and address businesses that evade or violate the law.
Director-General Naiyanapakorn highlighted a specific concern: companies registering to open bank accounts for fraudulent purposes, known as 'horse accounts via corporate entities'. The DBD will coordinate with relevant agencies to pursue legal action against such offenders. Additionally, it is addressing the issue of foreigners registering companies using Thai citizens as frontmen or nominees to circumvent Thai law.
The DBD's new division and committee signal a strengthened commitment to combating illegal business activities in Thailand. With clear strategies and direct handling of cases, the department aims to create a fair and transparent business environment.
