Bangkok, 15 Oct – Anti-Money Laundering Office (AMLO) has ordered the seizure of 11 assets of ‘Boss Paul-Kant Kantathaworn’ and his associates. The AMLO will send a letter to the property owners to provide clarification within 30 days.
The AMLO office has received a report from the Consumer Protection Police Division regarding The Icon Group Co., Ltd. and its associates, which have committed an offense under the Fraudulent Borrowing Act B.E. 2527. From the examination of the report and information regarding the transactions in the said case, there is reason to believe that there may be a transfer, transfer, concealment or hiding of assets related to the offense in the said case and in the case of urgent necessity. The Secretary-General of the AMLO therefore exercises the power under Section 48, paragraph two of the Anti-Money Laundering Act B.E. 2542, to issue Order No. Y. 214/2567 to seize the assets of The Icon Group Co., Ltd., Mr. Woraratpol Woratworakul, Mr. Nichapon Thongmee, Ms. Thitthaya Hong-upathumc
hai and Mr. Kant Kantathaworn, which are assets in the form of money in securities trading accounts, money in current accounts, money in savings accounts and money in digital asset trading accounts and digital assets, totaling 11 items, with a total estimated value of approximately 125,548,076.99 baht with temporary interest, with a maturity not exceeding 90 days.
In this regard, the AMLO would like to inform that for other assets that are under consideration for action under the Anti-Money Laundering Act, if any person transfers, receives, or changes the condition of assets related to an offense in order to hide or conceal the source of such assets or to help others, whether before, during, or after the offense, to avoid punishment or receive a lesser punishment for the underlying offense, or acts in any way to conceal or disguise the true nature of the acquisition, source, sale, transfer, or acquisition of any rights to assets related to an offense, or to acquire, possess, or use assets, knowing at the tim
e of acquisition, possession, or use of such assets that they are assets related to an offense, such person is guilty of money laundering and is liable to imprisonment for a term of one to ten years, or a fine of twenty thousand to two hundred thousand baht, or both.
The AMLO will send a letter to the property owners to provide clarification within 30 days. In this regard, a source revealed that they found evidence of the transfer and withdrawal of a large amount of assets by all 4 individuals. Therefore, the AMLO secretary-general’s authority was used to immediately freeze the assets in order to prevent any damage. The case of The Icon will be brought to the consideration of the Transaction Committee on October 17th to further investigate the assets. – Thai News Agency
Source: Thai News Agency