The Thailand Securities and Exchange Commission (SEC), working with the Thai Digital Asset Operators Trade Association (TDO) and digital asset businesses, has developed preventive measures and an industry standard to eliminate and block mule accounts in Thailand’s digital asset sector, with strict implementation required by the end of March 2025. The initiative is positioned as a tool to strengthen the prevention of investment fraud and to combat money laundering and cybercrime. The framework includes measures to block new mule accounts, detect irregular customer behaviour, and inspect and take action against digital asset trading accounts that may constitute mule accounts. It also предусматриes sharing information on mule accounts from the banking sector and other relevant authorities with the digital asset sector. Work on the measures has involved coordination with agencies including the Bank of Thailand, the Cyber Crime Investigation Bureau, the Central Investigation Bureau, the Anti-Money Laundering Office, and the Thai Bankers’ Association. The SEC noted that some digital asset business operators have already implemented the measures. The SEC and the TDO will monitor and evaluate the effectiveness of the measures on an ongoing basis.
Thailand Securities & Exchange Commission 2025-03-13
Thailand Securities and Exchange Commission establishes industry standard to eliminate mule accounts in the digital asset sector by end-March 2025
The Thailand Securities and Exchange Commission, with the Thai Digital Asset Operators Trade Association and digital asset businesses, aims to eliminate mule accounts by March 2025. The framework prevents fraud, money laundering, and cybercrime by blocking new mule accounts, detecting irregular behavior, and sharing information with authorities. Coordination with the Bank of Thailand and the Anti-Money Laundering Office is ongoing, with some operators already implementing measures.