Mobile banking systems of all banks are safe and secure : TBA

10 Sept 21:12 Key points summarised by AI

The Thai Bankers Association (TBA) assures the public that mobile banking applications are secure, addressing concerns raised by a programmer's arrest for alleged security bypass software.
System checks confirmed the alleged software is ineffective; it cannot access customer accounts or facilitate large transfers (over 50,000 baht) without the owner's personal information, facial scan, PIN, and one-time password.
TBA warns against severe penalties for individuals involved in 'mule' accounts and advises users to protect themselves by avoiding unverified app downloads, sharing credentials, or clicking suspicious SMS links.
Separately, an insurance broker was arrested and had his license suspended for five years for selling customer data, though internal investigations found only 11 customers were affected.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.