Thailand has neglected to establish controls for any funds being transferred into the Kingdom from abroad.

Thailand has neglected to establish controls for any funds being transferred into the Kingdom from abroad. Meanwhile, control mechanisms do exist for outgoing funds. This is, for example, one of the reasons why it was discovered that former prime minister – and since fugitive convicted criminal – Thaksin Shinawatra had transferred his shares in Shin Corporation to a mailbox company in the British Virgin Islands audaciously called “Ample Rich Co., Ltd.”, a name that haunts him to this day. The influx of foreign funds has paralyzed Thailand in its actions how to trace the origins of such payments, which has effectively transformed the country into one of the easiest places where to hide your ill-gotten wealth – and made it attractive to the mafia.