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Evaders to Face Asset Seizures in Thailand.
Byline: Phusadee Arunmas
Jan. 8--Traders have been warned that their assets could be seized under the anti-money laundering law if they deliberately undervalue imported goods to evade customs duties.
Sunggorn Puengpradit, director of the Investigation and Suppression Bureau of the Customs Department, said that traders who intended to evade or pay lower duties would face not only asset seizure but also criminal charges under the Anti-Money Laundering Act B.E.1999, which took effect on Jan 1.
At a seminar held yesterday by the Thai National Shippers' Council, Mr Sunggorn said traders who tampered with rules of origin, altered certain features, ...
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Source: HighBeam Research, Evaders to Face Asset Seizures in Thailand.