brad brace

10/30/2007

Bird's nest industry conduit for money laundering

Filed under: General,global islands,thailand,wealth — admin @ 5:10 am

The bird’s nest industry in Thailand is a conduit for money laundering and could be funnelling more than Bt100 million a year, according a study by the Thailand Research Fund.

Kasem Jandam, who conducted a research project on the bird’s nest business in southern Thailand, found illegal collecting of bird’s nests at sites on 66 islands located off the Gulf of Thailand and in the Andaman Sea.

He said these areas were is outside the 104 islands that were deemed as legal concession areas for the collecting of bird’s nests in Thailand under the 1942 Swiftlet Bird’s Nest Tax Act.

The government could be losing tax revenue of more than Bt100 million baht per year per site in eight provinces in southern Thailand including Prachuap Khiri Khan, Chumphon, Surat Thani, Phatthalung, Phangnga, Krabi, Trang and Satun.

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