Thailand Central Bank Tightens Financial Oversight to Combat Rising Online Fraud

Reuters Update: Thailand’s central bank has announced tighter financial oversight to counter rising online fraud. Governor Vitai Ratanakorn said the measures will include enhanced due-diligence checks, prioritised investigations into suspicious transactions at commercial banks, stricter supervision of money-transfer agents and currency exchanges, and reviews of certain gold transactions. The move aims to curb financial crime and capital-flow risks amid a surge in digital scams nationwide.