Finance Ministry Denies Certifying Illegal Loan Apps

Prachachat•Politics•36m ago

Reader Briefing

Ekniti Nitithanprapas denies that the Ministry of Finance has certified any illegal online loan applications and reports being a victim of deepfake scams.

•Ekniti Nitithanprapas confirmed the Ministry of Finance has never certified loan applications.
•Financial applications must be considered by the Bank of Thailand and licenses must be checked by the Ministry of Finance.
•Ekniti Nitithanprapas filed a police report after his face was spoofed using Deep Face technology to invite people to invest.

Overview

•Ekniti Nitithanprapas stated that the Ministry of Finance has never certified loan applications.
•Ekniti Nitithanprapas noted that financial applications must undergo consideration by the Bank of Thailand.
•Ekniti Nitithanprapas explained that licenses must be verified by the Ministry of Finance.
•Ekniti Nitithanprapas mentioned that the Governor of the Bank of Thailand and the Chairman of the Thai Bankers Association are prioritizing the creation of systems to protect Thai people.
•Ekniti Nitithanprapas warned the public to be cautious of financial scams and not to trust appearances alone due to advanced AI technology.
•Ekniti Nitithanprapas filed a police report after Deep Face technology was used to impersonate Ekniti Nitithanprapas in investment advertisements.
•The government has increased its ability to suppress mule accounts, though technology continues to evolve rapidly.

Full article content is available on the original source.

Read on Prachachat (Thai Version)View in Google Translate

Source: Prachachat (Original)

Key Entities

Person

Ekniti Nitithanprapash(เอกนิติ นิติทัณฑ์ประภาศ)

Deputy Prime Minister and Minister of Finance who reported being a victim of deepfake scams.

Organization

Ministry of Finance(กระทรวงการคลัง)ℹ️

The government body that verifies licenses and has denied certifying illegal loan apps.

Bank of Thailand(ธนาคารแห่งประเทศไทย)ℹ️

The entity responsible for considering financial applications.

Thai Bankers Association(สมาคมธนาคารไทย)

An organization whose chairman has discussed protecting citizens from financial scams with the Governor of the Bank of Thailand.