Mule Accounts

Thailand Cracks Down on Mule Accounts with New Mobile Banking Rules, Thousands of Foreigners Affected

On February 1, 2025, Deputy Government Spokesperson Karom Polpornklang declared that the government is enhancing security through a “Mobile Banking Cleanup” initiative aimed at eliminating mule accounts involved in financial crimes. With the new regulations, the name on mobile banking accounts must align with the owner of the registered SIM card. Banks will alert users…

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European partners

Thailand signs agreement with European partners

Thailand signs free trade agreement with European Free Trade Association, boosting economic growth and investment. Thailand has signed a free trade agreement with the European Free Trade Association (EFTA), boosting economic growth and investment. Thai Prime Minister Peathongtharn Shinawatra attended the signing ceremony for the historic free trade agreement (FTA) between Thailand and the European…

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Starlink terminals

Fighting cybercrime: Thailand seizes Starlink terminals

After dismantling unauthorised cell towers and cross-border cables, Thai authorities have begun seizing Starlink terminals to fight cybercrime. In a comprehensive effort to combat cybercrime, the Ministry of Digital Economy and Society (MoDES) and other relevant agencies have collaborated to seize 58 sets of Starlink satellite communication equipment that were intended for fraudulent use. ICES…

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