Pirate vendors with B500,000 in goods face assets seizures | Bangkok Post: business

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Piracy vendors may face assets seizure

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  • Online news: News
  • Writer: Phusadee Arunmas
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Vendors who sell falsely labelled counterfeit products valued at more than 500,000 baht could face the seizure of their personal assets in the foreseeable future, the Commerce Ministry warned on Monday. 

Deputy Commerce Minister Nattawut Saikuar said this was being considered as part of the ministry's commitment this year to tighten its efforts to tackle intellectual property violations.

An amendment bill to the Anti-Money Laundering Act 1999, which makes intellectual property theft a predicate offence, has already been passed by parliament and is awaiting royal appoval, he said.

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