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<oembed><version>1.0</version><provider_name>Tilleke &amp; Gibbins</provider_name><provider_url>https://www.tilleke.com</provider_url><author_name>Joel Akins</author_name><author_url>https://www.tilleke.com/author/joel/</author_url><title>Thailand Tightens Oversight on Direct Sales and Direct Marketing - Tilleke &amp; Gibbins</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="w8dvFNH4Qj"&gt;&lt;a href="https://www.tilleke.com/insights/thailand-tightens-oversight-on-direct-sales-and-direct-marketing"&gt;Thailand Tightens Oversight on Direct Sales and Direct Marketing&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.tilleke.com/insights/thailand-tightens-oversight-on-direct-sales-and-direct-marketing/embed/#?secret=w8dvFNH4Qj" width="600" height="338" title="&#x201C;Thailand Tightens Oversight on Direct Sales and Direct Marketing&#x201D; &#x2014; Tilleke &amp; Gibbins" data-secret="w8dvFNH4Qj" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>Thailand&#x2019;s Office of the Consumer Protection Board (OCPB) has initiated a sweeping regulatory review of&#xA0;licensed direct sale and direct marketing businesses&#xA0;in Thailand and is in the process of notifying business operators to submit their annual business report and financial statement to the OCPB as part of their postlicensing obligations. This move marks a significant escalation in the government&#x2019;s efforts to enforce compliance and transparency in the sector, which has faced growing scrutiny in recent years. Key Regulatory Considerations All businesses holding a direct sales or direct marketing license are required to submit their&#xA0;audited financial statement&#xA0;along with their business operation report to the OCPB within 60 days&#xA0;from the end of their fiscal year (extendable for up to 30 days by request, if necessary). The OCPB is currently conducting license audits as part of its enforcement duties. The office aims to complete audits for at least 90% of the 2,983 registered businesses</description></oembed>
