BANGKOK, Thailand — Thai citizens in multiple provinces have adopted an unconventional approach to securing their place in line at Krung Thai Bank branches, placing their footwear in queues stretching from bank entrances as they wait to register for the government’s ‘Thai Chuay Thai Plus’ welfare scheme, according to social media reports and local media […]
BANGKOK — The Bank of Thailand is set to introduce standardised banking fees across the financial sector starting in July, a move aimed at reducing the financial burden on individuals and small and medium-sized enterprises by capping and simplifying charges for key retail and business banking services. Bank of Thailand Flags Suspicious Large Cash Withdrawals […]
BANGKOK — Thai financial authorities are intensifying efforts to unblock bank accounts mistakenly frozen in the government’s campaign against online scams, after small business owners nationwide reported sudden freezes without warning, severely disrupting their livelihoods. Bank of Thailand Seeks Fix for Wrongful Account Freezing Amid Scam Crackdown The issue stems from the enforcement of the […]
BANGKOK — The Bank of Thailand (BOT) will meet with commercial banks and the Anti-Online Scam Operations Centre (AOC) on Monday to address growing complaints about the wrongful freezing of bank accounts in the fight against online fraud. The move comes after small retailers and individuals reported being abruptly cut off from their funds without […]
Bangkok Bank has implemented stricter requirements for foreign customers opening new deposit accounts in Thailand, significantly impacting tourists and expatriates without long-term visas. The move comes as part of Thailand’s broader efforts to enhance cybersecurity and combat financial fraud, particularly the misuse of “mule accounts” in scams. Suspect Arrested at Phuket Airport For Allegedly Opening […]
CHONBURI – Three bank employees, including a branch manager, and two interpreters have been detained for allegedly assisting a Chinese call center gang in opening fraudulent bank accounts used to launder stolen funds, the Royal Thai Police reported. Authorities have also issued arrest warrants for 15 Chinese nationals linked to the operation. Thai Authorities Bust […]
The Bank of Thailand (BOT) has issued new security regulations for financial institutions offering mobile banking services, as published in the Royal Gazette under Announcement No. 4/2025. The directive outlines measures to strengthen cybersecurity and protect users from evolving financial fraud and cyber threats. Thailand Cracks Down on Mule Accounts with New Mobile Banking Rules, […]
On February 1st, 2025, Deputy Government Spokesperson Karom Polpornklang announced that the government is stepping up security by “Cleaning Mobile Banking” for mobile banking to curb mule accounts used in financial crimes. Thailand introduces new measures to protect mobile banking customers Under the new rules, the name on a mobile banking account must match the […]
