Judge Rules Bitcoins are Money, Criminal Cases Continue

August 27, 2014

Bitcoins legally qualify as money according to a US judge who dismissed a request to drop a criminal case involving the virtual currency, reports Bloomberg. According to Bloomberg, Robert Faiella allegedly ran an illegal underground Bitcoin exchange but argued that “he can’t be convicted of operating an unlicensed money-transmitting business because bitcoins aren’t money.” Thailand […]

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FedEx Drug Case: Money Laundering Charges Added

August 20, 2014

Federal prosecutors add money laundering to a new list of charges against FedEx, according to Courthouse News Service. Courthouse News Service reported that FedEx was indicted last month with 15 counts of conspiracy and drug trafficking charges. Prosecutors claim that FedEx had been warned of illegal internet pharmacies using its services to ship drugs that […]

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EU Citizens’ Privacy Rights Violated by US Companies

August 20, 2014

According to InfoWorld, a complaint has been filed against thirty U.S. companies for allegedly collecting more information of EU residents than committed to through Safe Harbor agreements. The Center for Digital Democracy, a U.S. nonprofit watchdog group, filed the complaint against the group of data brokers and data management firms, including Adobe Systems, AOL, and […]

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Surrogacy Law in Thailand May Change

August 19, 2014

Legislative reform for surrogacy advances in Thailand’s government as details continue to surface of two controversial, public cases surrounding commercial surrogacy. To date Thailand has never had any laws or rulings on cases specifically regarding surrogacy and related regulations. The National Council for Peace and Order has pushed through a draft surrogacy law for Thailand . […]

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Americans Renouncing Citizenship Hits Record

August 15, 2014

According to Forbes, new U.S. tax laws may have lead to the 221% increase in the number of Americans relinquishing their citizenship in 2013. The U.S. Treasury Department is required to publish the names of those it knows of who abandoned their citizenship. The most recent quarterly report show that a total of 2,999 people […]

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China Arrests Five in Expired Meat Scandal

August 7, 2014

The Bangkok Post reports that five company officials from Shanghai Husi Food Co. have been arrested by Chinese authorities following the case of expired meat being supplied to major fast food restaurants. The scandal came to the public’s attention after an investigative report by a local television station revealed that a plant in Shanghai was […]

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Thai Investors Take Note: Bank of Thailand Says Trade in Yuan

August 7, 2014

Better exchange rates, faster payments, reduced regulations, and more options—these are some of the reasons the Bank of Thailand is encouraging investors to use yuan, reports The Nation. According to The Nation, Chantavarn Sucharitakul, BOT assistant governor for the Financial Markets Operations Group, said there is “more room for trade and investment via the yuan” […]

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Thailand Shows Off Organic Businesses at Bangkok Expo

August 5, 2014

The Organic and Natural Expo 2014 gave businesses and producers in Thailand an opportunity to showcase their goods for consumers seeking a greener lifestyle in Bangkok. The expo’s purpose was to promote consumer awareness and provide a platform for business networking. Celebrating its fourth year, the event was organized by Thailand’s Ministry of Commerce and […]

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Anti-Money Laundering Office Cracks Down on Rare Wood Smuggling in Thailand

July 24, 2014

The Nation reports that the AMLO office launched a four-month investigation to follow a money trail and uncover details of Siamese rosewood smuggling gangs in Northeast Thailand. The investigation began in April, according to The Nation, after police first busted a gang in Chaiyaphum and found reported evidence of timber trading. The AMLO’s efforts to […]

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BRICS Create Bank for Emerging World Powers

July 24, 2014

The Bangkok Post reports that the BRICS nations’ leaders launched the New Development Bank and Contingent Reserve Arrangement to give emerging markets a more permanent role in international financial institutions. Brazil, Russian, India, China, and South Africa launched these multilateral financial institutions earlier this month to rival the World Bank and the International Monetary Fund—both […]

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