


Thai authorities have busted a billion-baht money laundering ring, arresting over 1,000 suspects linked to a network of over 442 shell companies and nominee directors.
The Economic Crime Suppression Division executed search warrants at 46 locations across the country, targeting a network linked to money laundering and other illicit activities.
The network, which involved both Thai and foreign nationals, used these shell companies to open bank accounts and launder proceeds from various criminal activities, including online scams, call center fraud, and cybercrime.
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