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Potential Thai scammers, particularly in Nakhon Phanom province, are racing to close suspected mule bank accounts after a new cybercrime law was enacted. According to the Pattaya Mail, the new law took effect on March 17, deeming that those who open a bank account or register a SIM card for a third party for illegal use will face jail time and/or a fine. The new law has some rushing to close their bank accounts so as not to be subjected to jail time of up to three years or to receive a fine of up to 300,000 baht. The Royal Decree on Cyber Crime Prevention and Suppression now allows banks to suspend accounts that are suspected of being used for illegal transactions. Villagers, who may have opened such bank accounts, notified police about their suspected mule accounts and contacted their banks to close them to escape punishment under the new law. Related news Bangkok Airways to launch Koh Samui – Hong Kong route 5 hours ago Thailand … [Read more...] about Potential Thai scammers race to close mule bank accounts as new cybercrime law enacted

PHUKET: Police have arrested a Taiwanese man who was found in the illegal possession of bankbooks and ATM cards for 12 Thai bank accounts opened by local residents. Chen Yu-Chung, 34, was arrested on Saturday, after a tip-off from a Phuket tuk-tuk driver, who told police that he was paid 6,000 baht to open a bank account in Patong. “The 47-year-old tuk-tuk driver, Suwaroj Kaebutr, said that he had heard of this type of thing before,” said Col Sutthichai Tianpho of the Patong Police. “He said it didn’t feel right, and that he had heard of foreign criminal gangs paying local people to open bank accounts for them.” Related news Tour bus crash on Patong Hill seriously injures driver 8 hours ago Robust Phuket tourism numbers in Q4 last year and high winter season set the stage for recovery by year-end 13 hours ago Mr Suwaroj met Mr Chen last Thursday and handed over the bankbook and ATM card for the account he was paid to open. Police … [Read more...] about Taiwanese “bank account mule’ arrested in Patong

Ford expects to lose $3 billion on its electric vehicle department this year, the company announced Thursday. The company will be reorganizing its financial reporting into three distinct branches, Ford Blue, Ford Model e and Ford Pro, which will develop gas-powered, electric and commercial vehicles respectively, according to a press release. In the three years starting 2021, Ford Model e is expected to report a $3 billion loss. (RELATED: ‘Sustainable’ Electric Cars Are Getting Junked Over Minor Damage) “We’ve essentially ‘refounded’ Ford, with business segments that provide new degrees of strategic clarity, insight and accountability to the Ford+ plan for growth and value,” CFO John Lawler said.  “It’s not only about changing how we report financial results; we’re transforming how we think, make decisions and run the company, and allocate capital for highest returns.” Ford’s new structure and way of reporting earnings gives new insight into its EV business (which CFO … [Read more...] about Major Automaker Expects It Will Hemorrhage Billions From Its Electric Vehicle Business

Mr. October kept it real. Being the subject of a new documentary that will be streamed on Amazon Prime Video starting Friday, MLB Hall of Famer Reggie Jackson is currently on the promotional tour. He made a stop Wednesday to speak with Howard Stern on SiriusXM about a multitude of topics in relation to the documentary. At one point, Stern asked the New York Yankees legend if he had a hard time opening up his heart for women. “It wasn’t hard for me to open my heart, but it was hard for me to be loyal,” said Jackson. “As a man, I cheated a lot.” Jackson was completely blunt about his past infidelities. “I won’t blame it on any excuse,” Jackson said. “I just cheated. I saw a pretty girl and I tried to sleep with her.” Now I’m not advocating for cheating or anything like that, but I think we can all see what happened here, right? If you were a professional baseball superstar like Reggie Jackson with millions of dollars in your bank account and championship … [Read more...] about ‘It Was Hard To Be Loyal’: MLB Hall Of Famer Reggie Jackson Admits To Being Serial Cheater

Hannah and Derek Jeter welcomed into the world their first child on Thursday – a baby girl named Bella Raine. The 27-year-old Sports Illustrated Swimsuit model reportedly gave birth on Thursday to their daughter, according to reports in Page Six Friday. (RELATED: Celebrate Hanah Jeter’s Baby News With Her Greatest Photos) LOS ANGELES, CA – JULY 15: Derek Jeter and Hannah Davis attend The 2015 ESPYS at Microsoft Theater on July 15, 2015 in Los Angeles, California. (Photo by Jason Merritt/Getty Images) The New York Yankees legend and incoming CEO of the Miami Marlins shared the exciting news on the twitter account for his sports website “The Players Tribune” Friday. (Photo by Larry Busacca/Getty Images) “Congratulations Derek and @hannahbjeter on the birth of your baby girl, Bella Raine Jeter, born Thursday, Aug. 17,” the tweet posted by “The Players Tribune” read. Congratulations Derek and @hannahbjeter on the birth of your baby girl, Bella Raine Jeter, born … [Read more...] about SI Swimsuit Model Hannah Jeter And Husband Derek Welcome Baby Girl

Share to Twitter Share to Linkedin Topline TikTok CEO Shou Zi Chew faced intense questioning from lawmakers in his first hearing before Congress Tuesday morning, defending the popular social media app and insisting it protects U.S. user data from foreign interference, though House members from both sides of the aisle remained skeptical of TikTok's plans as the Chinese-owned platform fights against a possible U.S. ban or forced sale. Key Facts Rep. Cathy McMorris Rodgers (R-Wash.)—chair of the House Energy & Commerce Committee—asked about spying and surveillance on U.S. users by TikTok, which is owned by Beijing-based tech company ByteDance, but Chew said he "disagrees with the characterization" that the social media platform is spying on American users and said TikTok is “committed” to protecting U.S. data from foreign access. Chew claimed in his testimony that he has “seen no evidence” of Chinese government officials accessing U.S. user data, … [Read more...] about TikTok CEO Spars With Congress Amid Growing Calls For Ban—As Lawmaker Calls Privacy Claims ‘Preposterous’

Share to Twitter Share to Linkedin Topline Amid growing global concern over the social media platform, TikTok CEO Shou Zi Chew will testify before the House Energy and Commerce Committee Thursday, where U.S. lawmakers are expected to question Chew over safety concerns for minors and preventing U.S. user data from foreign access. Key Facts In Chew’s first appearance before Congress, he’s expected to discuss the company’s privacy and data security practices, as well as the company’s relationship with the Chinese government, which has come under increased scrutiny in recent months. Prepared Remarks Chair Rodgers, Ranking Member Pallone, and Members of the Committee: Thank you for the opportunity to appear before you today to talk about TikTok and our mission to inspire creativity and bring joy to more than 1 billion people worldwide. I look forward to discussing what makes TikTok so special to the diverse audiences it serves, as well as our … [Read more...] about TikTok CEO Shou Zi Chew’s Prepared Comments Before Congress

Share to Twitter Share to Linkedin Fran Rosch is the CEO of ForgeRock , a global leader in digital identity. Passwords have become an obstacle that hinders nearly all organizations—whether you’re an employee or user accessing an application, everyone has experienced the frustration of not being able to log in. Whether they’re forgotten, weak or outdated, passwords create friction in the user journey, causing lost business revenue, exasperated customers and a decrease in workforce productivity. Forrester researchers found that the typical cost of a single password reset is $70, with the average large enterprise allocating over $1 million annually to password-related support costs. Organizations try to balance strong security with convenience but often fail to achieve either. Stronger security frustrates users and hinders their productivity. Passwords were meant to increase security, but as the attack surface has expanded with a hybrid workforce, … [Read more...] about Embracing The End Of The Password Here And Now

Share to Twitter Share to Linkedin When you unshackle 1.4 billion consumers who have been penned up at home for three years, it’s reasonable to expect some fireworks. For the residents of Mainland China, life under “zero COVID” policies was a dreary round of rolling travel restrictions and lockdowns – as if the United States was permanently stuck on a skipping record of the Spring of 2020. While most of the population was able to find a way to get back to work eventually, the everyday routines of travel, dining out, and visiting friends and family were severely curtailed. Wallets stayed snapped shut. Since China executed its “COVID pivot” in late December 2022, economists have been scrutinizing the data to see if the country will be able to achieve its goal of 5% growth in 2023. If achieved, China will serve as an engine to help developed economies avoid tipping into recession. This is particularly relevant in the new era of higher interest rates, … [Read more...] about Why China’s COVID Comeback Is Still In The Early Innings, With Upside Ahead

Share to Twitter Share to Linkedin As we enter tax season 2023, you may wonder how long you should keep your old tax returns and other paperwork associated with filing your taxes. For those with hard copies of your taxes, you might wonder if you can scan them. Or do you need to keep hard copies? Keep reading as we share how long you should keep your old taxes and how to get them out of your way, hopefully. How long do you need to keep old tax records, receipts, and total tax returns (state and federal)? Another common question is how to safely store these tax docs without feeling like you are living like a hoarder. While providing tax-planning guidance over the years, I've met several people with countless boxes full of old receipts, documents, and tax returns. While some tax documents needed to be kept, most could have been shredded and thrown away long ago. What Does The IRS Say About Keeping Old Tax Returns? According to the Internal Revenue … [Read more...] about How Long Should You Keep Old Tax Returns?