BOT and Allies Launch Anti-Scam and Money Laundering Drive Sept 10

Khaosod•Economy•18d ago

Reader Briefing

The Bank of Thailand is partnering with financial institutions and regulators to implement strict measures against scammers and money laundering starting September 10.

•The Bank of Thailand and partners will announce an operational intention on September 10 to block fraud and money laundering channels.
•Measures target cash transactions over 5 million baht, gold trading, foreign currency exchange, and digital assets like USDT.
•Fraud damages decreased from 8,600 million baht in Q2/2024 to 1,500 million baht in Q2/2026.

Overview

•The Bank of Thailand and partners will announce an operational intention on September 10.
•The Bank of Thailand is collaborating with the Securities and Exchange Commission, commercial banks, state banks, e-Payment providers, Non-Banks, and money exchange businesses.
•The measures include monitoring cash transactions of 5 million baht or more, gold trading, foreign currency exchange, and digital assets specifically USDT.
•Cash withdrawals of 5 million baht or more decreased by 52% after measures began in April 2026.
•Online gold trading and gold bar withdrawals of 2 million baht or more decreased by 70%.
•Financial damages from scams in Thailand exceed 43,000 million baht, or approximately 0.2% of GDP.
•The Bank of Thailand, IMF, and World Bank developed the Bangkok Blueprint for Risk and Fraud Resilient Financial Services.
•The Bangkok Blueprint for Risk and Fraud Resilient Financial Services will be presented at the IMF–World Bank Group annual meeting in October.

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Key Entities

Organization

Bank of Thailand(ธปท.)ℹ️

The central bank leading the fight against financial crime and developing secure digital finance.

Securities and Exchange Commission(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์)ℹ️

A partner of the Bank of Thailand working to monitor digital assets like USDT.

IMFℹ️

An organization that collaborated with the Bank of Thailand and World Bank to develop the Bangkok Blueprint for Risk and Fraud Resilient Financial Services.

World Bank(ธนาคารโลก)ℹ️

An organization that collaborated with the Bank of Thailand and IMF to develop the Bangkok Blueprint for Risk and Fraud Resilient Financial Services.

PromptPayℹ️

A digital infrastructure with over 83 million registered accounts.

Paotang(เป๋าตัง)

A digital application with more than 40 million users.

Person

Withai Rattanakorn(วิทัย รัตนากร)

Governor of the Bank of Thailand.

Policy

Bangkok Blueprint for Risk and Fraud Resilient Financial Services

An international reference guideline for handling digital fraud risks developed by the Bank of Thailand, IMF, and World Bank.

Safe and Inclusive Digital Finance(การเงินดิจิทัลที่ปลอดภัยและครอบคลุม)

A framework denoted as SIDF that the Bank of Thailand is pursuing alongside long-term economic potential upgrades.

Thailand’s New Horizons: Empowering People, Building Resilience

The concept under which the Bank of Thailand aims to block illegal money and build public and investor confidence.