Phuket-
Thailand’s Anti-Money Laundering Office (AMLO) has seized a luxury superyacht worth more than 1 billion baht (approx. USD 28 million) in Phuket, as part of a sweeping crackdown on a transnational scam syndicate allegedly responsible for defrauding victims of over 9 billion baht (USD 250 million).
The AMLO told the Phuket Express that The yacht, registered in Switzerland but linked to Thai ownership, is among the most valuable assets confiscated in the case known as “Miss Tangthai and Associates.”
Investigators revealed that the syndicate had been active since 2018, allegedly orchestrating large-scale online scams targeting victims across multiple countries. Funds were funneled through “mule accounts” before being layered through individuals and corporate entities, obscuring the money trail. Some transactions were conducted under powers of attorney, allowing third parties to move funds on behalf of the network.
AMLO’s financial tracing uncovered connections to Cambodian nationals, with portions of the illicit proceeds reinvested in Thai businesses. Authorities were able to identify the beneficial owners behind the assets, strengthening the case for permanent seizure.
The December 25th seizure follows an earlier temporary confiscation order issued on December 2nd, 2025, targeting the same Swiss-flagged yacht. Additional assets linked to the network remain under investigation, with more seizures expected.
Since early 2025, authorities have documented over 90 separate fraud cases tied to the syndicate. The joint operation between AMLO and Thailand’s Central Investigation Bureau has also led to arrest warrants for key suspects.
Officials stated that the crackdown aims not only to bring perpetrators to justice but also to prevent criminal proceeds from circulating within Thailand’s economy. By dismantling the syndicate’s financial infrastructure, authorities hope to safeguard both domestic and international victims from further harm.
