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…