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- The 6th Classic Car Show Pattaya successfully raises 270,000 baht educational fund for the children under HHN’s carePATTAYA, Thailand – At Asia Pattaya Hotel on Pratumnak Soi 4, the first day of the Classic Car Show Pattaya 2025, which attracted a large number of Thai and international classic car enthusiasts. The charity event allowed up to 1,600 visitors and tourists to admire a stunning collection of classic cars and capture memorable moments. […]
Driving for a Cause – The charity event successfully raised 270,000 baht, including 13,080 from the Rotary Club of Jomtien-Pattaya, to support children under the care of the Human Help Network Foundation Thailand. PATTAYA, Thailand – At Asia Pattaya Hotel on Pratumnak Soi 4, the first day of the Classic Car Show Pattaya 2025, which attracted a large number of Thai and international classic car enthusiasts. The charity event allowed up to 1,600 visitors and tourists to admire a stunning collection of classic cars and capture memorable moments. Tickets for the event were available for purchase at the entrance near the beachfront activity area of Asia Pattaya Hotel.
On February 8, the show featured over 65 iconic classic cars, including the Ford Mustang, Chevrolet Corvette, Porsche, Volkswagen Beetle, and Jaguar E-Type. The highlight of the event was the Mercedes Benz 300SL Gullwing from 1955, owned by a member of the Classic Car Friends Pattaya club. This rare vehicle, recognized for its distinctive gullwing doors that open upwards like a bird spreading its wings, is valued at 70 million baht and is one of only eight in Thailand. It is the same model as the royal vehicle used during the reign of King Rama IX, which is now displayed at the Private Car Museum in Suan Sukhothai Palace. Visitors and tourists eagerly took photos with their favorite classic cars while enjoying the romantic sunset atmosphere.
Classic cars are defined as vehicles over 20 years old that hold historical significance due to their unique design, innovative technology of their era, limited production numbers, or rarity. Although classic cars are often priced highly, they are considered timeless works of art that preserve valuable memories of the past. Their distinctive aesthetics, traditional mechanical systems, and original engine designs set them apart from modern vehicles.In the evening, a charity buffet dinner was held, offering 120 guests a delightful dining experience accompanied by live music and performances by children under the care of the Human Help Network Foundation Thailand (HHN).
The stunning Mercedes Benz 300SL Gullwing, valued at 70 million baht, was the star attraction at the Classic Car Show Pattaya 2025. On February 9, a grand opening ceremony for the Classic Car Show Pattaya took place in front of Asia Pattaya Hotel. The event was attended by Dr. Pithaya Pirom-on, Assistant Secretary to the Mayor of Pattaya; Phisut Saekoo, General Manager of Asia Pattaya Hotel; Ms. Ratchada Chomjinda, Director of the Human Help Network Foundation Thailand; Siromet Akharapongpanich, Deputy Director of the HHN Foundation; and Mr. Jo Klemm, President of the Classic Car Friends Pattaya club. Sponsors and relevant organizations also participated in the opening ceremony, followed by a grand parade of 35 classic cars through Pattaya City.
The parade showcased rare and historic vehicles, enhancing the city’s tourism appeal. The procession started from Asia Pattaya Hotel on Pratumnak Soi 4, passing along Pratumnak Road, Pattaya Second Road, the Dolphin Roundabout, and Beach Road. The convoy then passed the entrance of Walking Street, turned right at Wat Chai Mongkol intersection, and looped back to Pratumnak Road before arriving at The Barrel House Pattaya.
Ten of the rarest and most valuable classic cars were showcased in front of The Barrel House, while the remaining vehicles were displayed along Pratumnak Soi 4 and Soi 5. Traffic remained open with one lane allocated for the parade, and Pattaya City Police and municipal officers ensured smooth traffic flow and safety throughout the route.
Visitors enjoyed the breathtaking view of vintage cars against the romantic backdrop of Pattaya’s evening sky. The Classic Car Show Pattaya 2025 aimed to promote the conservation of vintage automobiles while elevating Pattaya’s tourism industry by catering to diverse traveler interests. By attracting both Thai and international visitors, the event contributed to Pattaya’s economic growth and tourism industry. Additionally, all proceeds, after deducting expenses, were donated to support children under the care of the Human Help Network Foundation Thailand.
On February 14, representatives of the Classic Car Friends Pattaya club, led by President Jo Klemm and Pattaya Mail Group Managing Director Pratheep Singh Malhotra, visited the HHN Foundation to officially present the funds raised during the event. They were warmly welcomed by Ms. Ratchada Chomjinda, HHN Foundation Director, along with the foundation’s executive team, teachers, and children from the ASEAN Learning Center.
The Classic Car Show Pattaya 2025 showcased rare and historic automobiles, keeping the legacy of classic cars alive. The 6th Classic Car Show Pattaya successfully raised 270,000 baht, including 13,080 from the Rotary Club of Jomtien-Pattaya, which was donated as educational funding for the children under HHN’s care. The event not only celebrated classic car preservation but also reinforced Pattaya’s tourism diversity, attracting visitors and boosting the local economy. Above all, it served as a meaningful contribution to society, supporting underprivileged children through charity.
This event was made possible through the support of sponsors and partners, including BKRY Thailand, Classic Car Friends Pattaya, the Human Help Network Foundation Thailand (HHNFT), Pattaya Mail, The Barrel House, and The Riviera Group.
From Mustangs to Jaguars, over 65 iconic classic cars brought together enthusiasts from around the world.
Over 35 classic cars cruised through Pattaya, turning heads and celebrating automotive history.
17 February 17 2025Daily Newsletterhttps://www.pattayamail.com/?p=490992 - Speaking Hart to HartEDITORIAL PATTAYA, Thailand – Integrity Legal’s Benjamin Hart certainly struck a chord with his address to the Pattaya City Expat Club on February 12. His aim was to challenge much of the alleged nonsense about foreigners paying personal income tax on overseas income transmitted to Thailand from January 1 2024. Since, he has received almost […]
Benjamin Hart’s speech to the Pattaya City Expat Club has rocketed interest in Thai tax matters both here and abroad. PATTAYA, Thailand – Integrity Legal’s Benjamin Hart certainly struck a chord with his address to the Pattaya City Expat Club on February 12. His aim was to challenge much of the alleged nonsense about foreigners paying personal income tax on overseas income transmitted to Thailand from January 1 2024. Since, he has received almost 20,000 hits on Pattaya Mail’s news website as well as on the Expat club video forum which published the talk in its entirety.
It is obviously true that you are inevitably assured a strong following when you say what people want to hear. In a very different context, The Reformation’s Martin Luther in the sixteenth century was successful in his attacks on the Roman papacy largely because “he said aloud what many people were thinking anyway”. Hart’s credibility in the tax context is enhanced by his Thai citizenship and his rhetoric in putting down foreign accountants whose only interest, he claims, lies in grabbing your cash and pre-empting taxation on global income wherever located.The essential point is that Thai tax law did not change on January 1 2024, but only the Thai Revenue Department’s interpretation of a detail. Transferring foreign cash to Thailand had long been potentially assessable provided it was sent in the same year it was received, a fact that many expats were totally unaware of. The difference now is that the transfers are potentially assessable sent not in the year of receiving, but in any later one too. A primary (not sole) purpose of TRD in its reinterpretation is to catch companies or individuals with huge offshore assets who had used the loophole to avoid paying their dues.
Maybe the Thai government itself is rethinking its policy. Last week, the finance minister announced that he wanted Thais (no mention of expats) to send more of their overseas wealth to Thailand. Presumably, he was hinting at some sort of exemption for cash transmitted for specific investment purposes. For example, it would be useful if the current ambiguities concerning tax on transmitted cash to buy property (condominiums in the case of foreigners) were cleared up. But this is pure speculation, as is the suggestion that existing retirees in Thailand on specific visas could be “grandfathered” or exempted from further dues if they had proof of clearance from their home country tax authority.In his speech, Hart did not guarantee his audience forever immunity from Thai personal taxation, even for retirees living largely or exclusively on pre-taxed assets. He hates the idea of taxes moving from remitted income to global wealth and loathes the Organization for Economic Cooperation and Development (OECD) and its worldwide tax agreements which Donald Trump has recently upended for the United States in an executive order. But nobody presently knows what Thailand’s policy will turn out to be. Hart, in his YouTube videos, has also raised the possibility that the Thai tax authority and immigration may eventually collaborate in checking who has spent at least half the year in Thailand, thus becoming a tax resident. He specifically mentioned the Destination Thailand Visa in his videos, but of course any future computerized checks need not stop there.
Competitor countries such as Cambodia and Vietnam look to be more-tax friendly to expats than Thailand but this is because they have neither invoked nor enforced their own rules which are potentially in play. The Philippines stands alone regionally in “guaranteeing” foreigners are free of tax on their transmitted overseas cash, but for how long? Wherever you want to live in the world and whatever the status of your finances, it’s wise to assume that being a member, however reluctantly, of more than one tax jurisdiction is going to become complicated as governments round the world look to boost revenue. Whether good or bad, today’s news is tomorrow’s history.
17 February 17 2025Editorialhttps://www.pattayamail.com/?p=490961 - Revving Up Tourism – Hundreds of bikers parade through Pattaya Beach to celebrate ‘Burapa Bike Week 2025’PATTAYA, Thailand – The vibrant Burapa Bike Week 2025 caravan, themed “The Way of Life Never War,” brought energy and excitement to Pattaya on February 15. Hundreds of bikers paraded through the city, showcasing the spirit of freedom and unity. The convoy set off from the Eastern National Sports Training Center on Soi Chaiyapruek 2, […]
Hundreds of motorcycles parade through the city, bringing excitement to Burapa Pattaya Bike Week 2025. PATTAYA, Thailand – The vibrant Burapa Bike Week 2025 caravan, themed “The Way of Life Never War,” brought energy and excitement to Pattaya on February 15. Hundreds of bikers paraded through the city, showcasing the spirit of freedom and unity.
The convoy set off from the Eastern National Sports Training Center on Soi Chaiyapruek 2, turning right onto Sukhumvit Road and keeping to the left lane throughout the route. Riders then turned left onto North Pattaya Road, passing the Dusit Thani Pattaya Hotel and enjoying scenic views along Pattaya Beach.
The parade continued through Walking Street, heading towards Thappraya Road and Machanu Intersection, before turning right to admire the stunning Jomtien Beach. The journey proceeded along Ayakan Road (Na Jomtien), rejoining Sukhumvit Road and returning to the starting point.This grand parade marked the official opening of the 28th Burapa Pattaya Bike Week, aiming to stimulate Pattaya’s tourism industry and Thailand’s economy. The event highlights the city’s diverse travel experiences, catering to niche tourism markets. Additionally, it promotes safe riding practices, fostering a positive mindset for motorcycle enthusiasts while reinforcing Pattaya’s commitment to sustainable tourism.
The Burapa Bike Week caravan rides past Pattaya Beach, boosting tourism and showcasing biker culture.
The grand motorcycle convoy makes its way through Walking Street, Jomtien Beach, and beyond, celebrating the spirit of freedom.
Promoting safe riding and tourism, the Burapa Bike Week parade unites bikers from around the world in Pattaya. Reinforcing Pattaya’s commitment to sustainable tourism.
17 February 17 2025Pattayahttps://www.pattayamail.com/?p=490985 - ‘The 28th Burapa Pattaya Bike Week’ unites motorcycle enthusiasts for freedom and musicPATTAYA, Thailand – The 28th Burapa Pattaya Bike Week & The Way of Life Never War officially opened at the Eastern National Sports Training Center, Chaiyapruek 2, Pattaya. The event, a celebration of motorcycle culture and freedom, was inaugurated by Poramet Ngampichet, Mayor of Pattaya, alongside city officials, representatives from government agencies, private sectors, and […]
Mayor Poramet highlights the importance of safe riding and sustainable tourism under the “Better Pattaya” policy. PATTAYA, Thailand – The 28th Burapa Pattaya Bike Week & The Way of Life Never War officially opened at the Eastern National Sports Training Center, Chaiyapruek 2, Pattaya. The event, a celebration of motorcycle culture and freedom, was inaugurated by Poramet Ngampichet, Mayor of Pattaya, alongside city officials, representatives from government agencies, private sectors, and related organizations.
The Burapa Pattaya Motorcycle Club, in collaboration with the City of Pattaya, organized this annual festival from February 13-15, aiming to attract both Thai and international tourists while boosting the local and national economy.
The opening night featured a variety of activities, including custom motorcycle showcases, live music performances, cowboy stunt shows, food zones, and shopping areas, creating a lively and festive atmosphere for attendees.In his speech, Mayor Poramet expressed gratitude to all contributors, emphasizing the event’s longstanding role in diversifying Pattaya’s tourism industry. He highlighted its alignment with the “Better Pattaya” policy, which promotes sustainable tourism and motorcycle safety awareness.
Burapa Pattaya Bike Week continues to be a major attraction, bringing together motorcycle enthusiasts from around the world while fostering cultural exchange and community spirit.
From custom bike showcases to live music and cowboy stunt shows, Pattaya is buzzing with excitement.
The annual event draws bikers and tourists worldwide, boosting Pattaya’s economy and cultural diversity.
The 28th Burapa Pattaya Bike Week roars to life, celebrating freedom, music, and the spirit of motorcycling.
17 February 17 2025Pattayahttps://www.pattayamail.com/?p=490973 - Is It Time to Pack and Leave Pattaya? A reflection on unsolved social, tax, visa, and banking issues vs. staying for its allurePATTAYA, Thailand – Pattaya has long been a vibrant, internationally recognized destination, attracting tourists, expats, and investors alike with its sunny beaches, entertainment options, and bustling nightlife. However, in recent years, the city has faced mounting challenges in areas such as social problems, safety concerns, unresolved tax issues, and growing difficulties with visa and banking […]
Amid social, tax, visa, and banking challenges, the city’s allure may not be enough for everyone, is Pattaya still the place to be, or is it time to pack up and move on? PATTAYA, Thailand – Pattaya has long been a vibrant, internationally recognized destination, attracting tourists, expats, and investors alike with its sunny beaches, entertainment options, and bustling nightlife. However, in recent years, the city has faced mounting challenges in areas such as social problems, safety concerns, unresolved tax issues, and growing difficulties with visa and banking procedures. These factors have raised the question for many: Is it time to pack and leave Pattaya, or does the city still hold enough appeal to make staying worthwhile?
Social Problems and Safety ConcernsOne of the most pressing issues in Pattaya has been the rise in social problems, including drug abuse, homelessness, and rising crime rates. Certain areas have become infamous for being hotspots of illicit activity, and there have been growing calls for greater law enforcement presence and effective social programs. While authorities have ramped up efforts to combat these problems, some residents and visitors feel that progress has been slow, making them question whether it’s worth staying in a city grappling with such issues.
Additionally, some people are concerned about the safety of themselves and their families, particularly with the increasing number of accidents, disputes, and other public disturbances. The nightlife culture in Pattaya, although part of its charm, can sometimes lead to chaos, which has turned off some long-term residents.
Tax Issues and Local Government ConcernsThe recent waves of tax issues in Pattaya have further complicated the picture. For instance, the local government has faced criticisms for unclear regulations and inconsistent enforcement when it comes to property taxes, business operations, and tourist taxes. These uncertainties can make it difficult for expats and business owners to plan for the future, especially with fluctuating costs and the risk of penalties for non-compliance.
The situation has left some questioning whether staying in Pattaya is worth the financial burden, particularly for those who had hoped for a more predictable living environment. While these problems are not unique to Pattaya, the lack of swift resolution has left some residents frustrated.
Visa and Banking IssuesVisa regulations and banking procedures have also added a layer of complexity for those wishing to live or do business in Pattaya. Stringent visa requirements, coupled with frequent changes in regulations, can make long-term residency a challenge. Expats often face difficulties renewing visas, and some have encountered delays in processing or issues with compliance. The lack of clarity surrounding visa options has led some to feel uncertain about their long-term future in Pattaya.
In addition, banking issues have become a growing concern, with some international banks limiting services for expats and difficulty opening accounts for newcomers. This can make it harder for people to manage their finances and conduct day-to-day transactions, adding further stress to an already challenging living situation.
The Appeal of Pattaya: Still Attractive to ManyDespite these challenges, Pattaya continues to hold significant appeal for many people. The city’s vibrant expat community, warm weather, and affordable cost of living remain major drawcards. Pattaya offers a unique lifestyle that blends leisure, convenience, and proximity to Bangkok, which is an enticing option for those seeking a balance of work and play.
Moreover, ongoing developments in the city, such as improved infrastructure and investment in tourism and entertainment, promise continued growth and modernization. For those who prioritize a relaxed lifestyle in a coastal city, Pattaya still offers plenty of opportunities for enjoyment and fulfillment.
The Verdict: Stay or Go?Ultimately, the decision to stay or leave Pattaya depends on individual priorities. For those who can overlook the social, tax, visa, and banking issues, and who are able to enjoy the city’s unique offerings, Pattaya remains an attractive place to live. However, for those seeking more stability, security, and clarity, the time might be right to consider alternative destinations.
The future of Pattaya is still uncertain, and it is clear that the city’s development will hinge on the ability of local authorities to address its social problems, streamline visa and banking procedures, and create a more predictable, business-friendly environment. Whether you decide to stay or leave, it’s essential to weigh these factors carefully before making any decisions.
17 February 17 2025Pattayahttps://www.pattayamail.com/?p=491035 - Police crackdown on illegal immigration in Pattaya; four arrested after 6 years without permitsPATTAYA, Thailand – Banglamung Police Station officials conducted a raid in the area behind the New Market in Naklua, North Pattaya. The operation aimed to apprehend illegal migrant workers, in line with the “Clean-Up” policy to address unlawful foreign labor in the region. During the raid, four individuals were arrested, all of whom had been […]
Four Myanmar nationals arrested after six years of illegal stay in Thailand, Police Crack Down on Illegal Immigration in Pattaya PATTAYA, Thailand – Banglamung Police Station officials conducted a raid in the area behind the New Market in Naklua, North Pattaya. The operation aimed to apprehend illegal migrant workers, in line with the “Clean-Up” policy to address unlawful foreign labor in the region.
During the raid, four individuals were arrested, all of whom had been living and working in Thailand illegally. Two of the arrested individuals had been in the country for over six years without authorization. They were detained and will be deported back to Myanmar following the legal process. The operation highlights the authorities’ ongoing effort to maintain law and order and curb illegal immigration in Pattaya and surrounding areas.
17 February 17 2025Pattayahttps://www.pattayamail.com/?p=491032 - Pattaya continues crackdown on drug hotspots, demolition of unlicensed structures in JomtienPATTAYA, Thailand – Following reports of Jomtien Soi 3 becoming a notorious hotspot for drug trafficking and abuse, authorities in Pattaya have launched a major operation aimed at eliminating this illegal activity. The operation, dubbed “Clean-up Parasites,” involves the demolition of unauthorized structures that had become gathering spots for drug-related activities. The operation is being […]
Authorities demolish unlicensed structures in Jomtien as part of a major operation to eliminate drug-related activities. PATTAYA, Thailand – Following reports of Jomtien Soi 3 becoming a notorious hotspot for drug trafficking and abuse, authorities in Pattaya have launched a major operation aimed at eliminating this illegal activity. The operation, dubbed “Clean-up Parasites,” involves the demolition of unauthorized structures that had become gathering spots for drug-related activities. The operation is being led by the Police Region 2 force in collaboration with Pattaya City officials.
The targeted area spans approximately one rai, where buildings had been constructed without proper permission. In response to this urgent issue, Mayor Poramet Ngamphichet has directed officers to oversee the demolition efforts.
On the ground, a team of municipal officers has been working tirelessly to ensure the demolition proceeds smoothly. They are also monitoring the area at all hours of the day, from morning to night, to ensure peace and order is maintained.During the operation, it was noted that tenants had already vacated the buildings, leaving only the demolition teams to continue their work. Meanwhile, one local resident expressed support for the crackdown, praising the authorities’ efforts to reduce the once-infamous drug problem in the area. However, they also requested improved lighting in the now-empty area, as it had become quite dark following the demolition of the structures.
Pattaya’s municipal officers and police have been actively patrolling the area to ensure that no further illegal activity takes place. The collaborative efforts of Pattaya City officials, the police, and municipal officers are being recognized and appreciated by the local community.
Pattaya’s municipal officers and police collaborate to dismantle illegal buildings and restore order to the area.
17 February 17 2025Pattayahttps://www.pattayamail.com/?p=491028 - German national dies in head-on collision with SUV on Huay Yai road in PattayaPATTAYA, Thailand – A German national tragically died in a head-on collision with an SUV after losing control of his motorcycle. The accident occurred at 1:36 AM on February 16, on the Huay Yai road, East Pattaya. The local rescue team and police received the call and quickly responded. At the scene, officers found a […]
A tragic accident occurred on the Huay Yai road when a German man lost control of his motorcycle, colliding head-on with an SUV. PATTAYA, Thailand – A German national tragically died in a head-on collision with an SUV after losing control of his motorcycle. The accident occurred at 1:36 AM on February 16, on the Huay Yai road, East Pattaya. The local rescue team and police received the call and quickly responded.
At the scene, officers found a Toyota Fortuner with severe front-end damage, driven by Watthanawit, 28, and a Yamaha Grand Filano motorcycle wrecked in the middle of the road. The motorcyclist, identified as Mr. Prade Mario Dieter, 45, a German national, was found dead at the scene in a pool of blood. Parts from both vehicles were scattered around the area.
Watthanawit explained that he was driving back from the Burapa Pattaya Bike Week event when he noticed the motorcycle speeding and swerving into his lane. Despite trying to avoid the collision, the motorcycle hit the car head-on. Witnesses reported seeing the motorcycle cross lanes before the crash.Police are investigating the incident and reviewing CCTV footage to determine the cause. The body of the deceased has been taken to Pattaya Patmakhun Hospital for further procedures.
Authorities are investigating a deadly crash in Pattaya, where a speeding motorcycle crossed lanes and collided with a Toyota Fortuner. The impact left one man dead, with both vehicles severely damaged.
17 February 17 2025Pattayahttps://www.pattayamail.com/?p=491024 - Stray dogs and uncollected trash on Pattaya Beach – Local concerns and calls for actionPATTAYA, Thailand – Pattaya’s beaches were recently cleared of litter by local authorities, as part of efforts to maintain the area’s beauty. However, some residents voiced concerns about ongoing cleanliness and safety issues in the city. Comments from the public include frustration about the increasing amount of waste, with some pointing out that certain areas, […]
Pattaya Beach gets a cleanup, but locals raise concerns about ongoing littering and safety issues. PATTAYA, Thailand – Pattaya’s beaches were recently cleared of litter by local authorities, as part of efforts to maintain the area’s beauty. However, some residents voiced concerns about ongoing cleanliness and safety issues in the city. Comments from the public include frustration about the increasing amount of waste, with some pointing out that certain areas, like the road near Khao Phra Tamnak, are plagued by stray dogs, causing frequent accidents.
Many expressed disappointment, stating that the accumulation of garbage is harming Pattaya’s reputation as a tourist destination. Despite the presence of trash bins placed every 100 meters along the beach, some visitors fail to dispose of their waste properly. This has led to calls for stricter enforcement, with suggestions to install CCTV cameras to catch violators and impose fines.There is also a request for more awareness campaigns, urging tourists to be responsible with their trash, and for local authorities to address noise pollution issues. Citizens emphasized the importance of maintaining both the beauty of the beaches and the well-being of local residents, calling for measures to ensure that both visitors and locals respect the city’s environment and community.
Stray dogs and uncollected trash on Pattaya’s streets: residents call for more action from local authorities.
Despite trash bins every 100 meters, Pattaya’s beaches are still plagued by waste left behind by careless visitors.
Pattaya residents urge for stricter enforcement, including CCTV cameras and fines, to tackle littering and maintain the city’s reputation.
17 February 17 2025Pattayahttps://www.pattayamail.com/?p=491018 - Foreign applicants for Thai bank accounts facing new crackdownForeigners wishing to open a Thai account face additional hurdles from Monday February 17. Even those who require a savings or current account to apply for a Destination Thailand Visa (with 500,000 baht) or for a non-immigrant “O” retirement permit (with 800,000 baht) are likely to find difficulties. Well-connected and popular agencies, such as Tik […]
Immigration police investigate hundreds of fake SIM cards used in banking crime. Foreigners wishing to open a Thai account face additional hurdles from Monday February 17. Even those who require a savings or current account to apply for a Destination Thailand Visa (with 500,000 baht) or for a non-immigrant “O” retirement permit (with 800,000 baht) are likely to find difficulties. Well-connected and popular agencies, such as Tik Tok based in Jomtien, have advised on social media that they will be unable to assist with opening bank accounts for foreign customers until further notice.
The Thai government, via the Bank of Thailand, has officially launched a renewed attack on mule accounts in Thailand aiming to curb financial fraud and money laundering. Freezing a staggering 1.8 million bank accounts suspected of being mule accounts, the Anti-Money laundering Office says that 2,500 account holders have actually been arrested during the past year. Police enquiries are now centering on telecommunications companies, digital platforms, e-wallet service providers as well as actual consumers.
The timing of the announcement likely reflects the Thai government’s allied campaign against scam call centers, especially those based in Myanmar and Cambodia. Thai electricity supplies have been cut in some areas with limited success. Meanwhile, attempts continue to ensure that Thai mobile banking accounts match with the SIM card holder’s name. That has already led to various difficulties, for example for foreigners using their wife’s name or for registered corporate accounts registered under the managing director’s personal phone number.Government officials are reluctant to give a timescale for the latest crackdown on foreigners trying to open bank accounts in Thailand. Tellers at Thai banks told Pattaya Mail that the problem might last for several weeks whilst investigations continue into fake websites, messaging apps, social media and individuals suspected of involvement in banking criminality. Some bank staff say that the biggest single issue involves Asian tourists opening bank accounts to launder cash into capital-flight cryptocurrency which is hard to track.
There is currently no formal ban on banks opening new accounts, but they commonly refuse on the grounds that “the applicant’s intentions are unclear” a catch-all phrase which penalizes (for example) all tourist visa holders with permission to stay less than one year. Banks can also suspend accounts if they suspect money laundering, fraud, terrorist financing or drugs and human trafficking proceeds.According to Siam Development, the overall situation highlights how regulatory solutions in Thailand often create more problems than they solve. The fight against mule accounts is necessary, but a more precise strategy is required: one that targets the actual criminals before freezing bank accounts indiscriminately. For the short term at least, businesses and foreign nationals must brace for further banking difficulties in an already challenging environment. In other words, Keep Calm and Carry On. As best you can.
16 February 16 2025Business & Lawhttps://www.pattayamail.com/?p=490881