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Scams casting a shadow over Thailand’s stock market

Scams casting a shadow over Thailand’s stock market

29 Sept 08:11 Key points summarised by AI
  • Thailand's stock market is underperforming due to alleged scams, with some listed firms potentially linked to notorious financial scam centers operating out of Cambodia.
  • Thai regulators, including the SEC and BOT, are investigating and pledging to combat illegal activities, but face criticism for being slow compared to other countries like Singapore, which has proactively seized assets from linked scam operations.
  • The government plans to establish a national Data Bureau to monitor capital flows and combat illegal activities, amidst allegations of police involvement in scams and fragmented oversight of financial institutions.
  • Efforts to crack down on cross-border scams are complicated by border conflicts with Cambodia, raising concerns about foreign nationals using Thailand for money laundering and potential threats to national security.
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