The Bank of Thailand has introduced a rigorous regulatory framework aimed at curbing illicit financial activities, including online scams and unauthorized gambling. Governor Vitai Ratanakorn has mandated the establishment of financial bottlenecks to monitor and restrict suspicious transactions. This initiative involves a coordinated effort among eleven different organizations tasked with tracking money flows across the national banking system. By tightening oversight on withdrawals and electronic transfers, authorities intend to disrupt the movement of illegal funds. These measures represent a significant shift in the central bank's strategy to enhance security within the country's financial infrastructure and protect the public from fraudulent schemes.
Source : Thai Examiner
