Thailand Securities & Exchange Commission has worked with the Thai Digital Asset Operators Trade Association, digital asset business operators and other agencies to develop additional measures and industry standards aimed at stopping victims’ funds being transferred through digital asset mule accounts, as part of broader efforts against investment scams, money laundering and cybercrime. The workshop brought together the Bank of Thailand, the Cyber Crime Investigation Bureau, the Central Investigation Bureau, the Anti-Money Laundering Office and the Thai Bankers’ Association. Measures include expedited handling for different types of mule accounts, restrictions on certain higher-risk transactions for individuals identified as mule account holders, and guidelines for data sharing and coordination across digital asset operators, banks, law enforcement and other agencies. The SEC also highlighted its ongoing inspections and monitoring of digital asset operators’ customer identity verification and know-your-customer and customer due diligence (KYC/CDD) systems to assess compliance with relevant requirements and standards.
Thailand Securities & Exchange Commission 2025-02-25
Thailand Securities & Exchange Commission sets additional measures and transaction restrictions to curb digital asset mule accounts
Thailand SEC, Thai Digital Asset Operators Trade Association, and other agencies developed measures against digital asset mule accounts, targeting scams, money laundering, and cybercrime. Measures include expedited handling of mule accounts, transaction restrictions for identified holders, and enhanced data sharing guidelines. The SEC continues inspecting operators' compliance with identity verification and KYC/CDD standards.