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Thailand Targets Gold Trade for Transparency | Thailand News
Thailand’s Finance Ministry and Bank of Thailand are eyeing a new gold import tax—not to rake in cash, but to crack down on “grey capital” used for money laundering. With limited intel on domestic gold trading, the move aims to trace transactions without crippling the legitimate market. Authorities are also expanding oversight to digital assets, partnering with the SEC to prevent illicit funds from exploiting trading hubs. The Gold Traders Association warns this could hurt Thailand’s ambitions as a regional gold hub, recalling a failed 1998 tax attempt. Negotiations are underway to strike a…
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