SEC launches crackdown on laundering, scammers

The Securities and Exchange Commission (SEC) is stepping up enforcement and expanding proactive safeguards to ensure Thailand's capital market and digital asset ecosystem do not become channels for money laundering or technology-driven crimes.

- NUNTAWUN POLKUAMDEE

Through partnerships with domestic and international agencies, the regulator sealed loopholes and blocked scam networks as financial crime risks rise, the SEC said in a statement.

“Investigations into suspicious transactions are moving ahead at a faster pace, supported by deeper data sharing with the Anti-Money Laundering Office [Amlo] and law enforcement authorities under the ‘connecting the dots’ framework,” the statement noted.

The initiative is designed to close structural loopholes and strengthen cross-agency surveillance.

At the operational level, all licensed market participants must strictly follow anti-money laundering requirements, including know-your-customer, customer due diligence (CDD), and mandatory reporting of suspicious activities.