Mr. Poonpong Naiyanapakorn, Director-General of the Department of Business Development, Ministry of Commerce, revealed that after assuming his position, he learned of irregularities in the registration of legal entities, such as multiple legal entities registered by the same individual or multiple legal entities having the same office. He also received reports from external agencies, particularly those within the Royal Thai Police, regarding the increasing trend of offenders using legal entities as tools for their crimes. Therefore, the Department has made it an urgent mission to prevent and address these issues to achieve tangible results. An internal division-level unit, the Prevention and Suppression of Illegal Businesses, has been established to address this issue urgently. Discussions have also been held with Pol. Gen. Thatchai Pitaneelabutr, Deputy Commissioner-General of the Royal Thai Police, to discuss solutions to technology crimes. The Department has identified an increasing number of legal entities being established for various forms of crime, including corporate mule accounts, scams, and various forms of public fraud. The Royal Thai Police and the Department of Business Development have consistently supported each other in their efforts to address these issues.

During this discussion, both agencies reached an agreement to enhance the efficiency of their respective missions. The Department will provide support and link information on irregularities or suspicious entities to the Royal Thai Police for investigation and prosecution. Furthermore, they will provide information on measures to prevent juristic person registrations from being used for criminal offenses, such as investment fraud and money mule accounts. According to the Royal Thai Police report, the number of money mule accounts has significantly increased. Therefore, the Department is mandating stricter juristic person registration procedures to prevent this problem and to respond to the government's policy of cracking down on money mule accounts.

However, the Department will strive to balance facilitating juristic person registration services with legal compliance verification. However, given the current situation with the increasing number of criminals, the Department is required to revise and further stricter juristic person registration regulations," concluded Director-General Poonpong. #SuperDBD #DepartmentOfBusinessDevelopment #MinistryOfCommerce

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