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Government to issue an executive decree to deal with online scams

Government to issue an executive decree to deal with online scams

10 Sept 14:25 Key points summarised by AI
  • The government is drafting an executive decree to intensify the fight against online scams, introducing tighter controls on SIM card ownership (maximum five per person, with more requiring police screening) and regulating SIM boxes.
  • The decree targets 'mule' bank accounts, which scammers use to funnel illicit funds, by implementing stringent penalties including a potential life-ban on opening bank accounts for repeat offenders.
  • A Memorandum of Understanding (MoU) has been signed between the Royal Thai Police and seven commercial banks to enhance cooperation in preventing and suppressing cybercrime.
  • New regulations will also mandate stricter oversight of online trading platforms, which are frequently exploited as starting points for scam activities.
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