As part of its ongoing collaboration with public and private sector partners to prevent and combat technology-related crimes, the SEC has worked closely with relevant agencies. In this regard, the Subcommittee on Financial Data Connectivity for Enhancing the Monitoring of Suspicious Financial Transactions resolved that the SEC, together with the Anti-Money Laundering Office (AMLO), issue interim regulations for DA operators while AMLO prepares to issue regulations under the Anti-Money Laundering Act.

The SEC coordinated with AMLO to establish requirements on the risk management system of DA operators to ensure that information accompanies all digital asset transfer transactions to support transaction monitoring and prevention of the misuse of digital assets in technology-related crimes. The SEC conducted public hearings on the proposed principles during March–April 2026 and on the draft notification during June–July 2026. Most stakeholders agreed with the proposed principles and draft notification. Accordingly, the SEC has issued regulations prescribing the duties of DA operators.* The key requirements are as follows:

(1) DA operators must establish policies and operating procedures for managing risks related to the transfer and receipt of digital assets;

(2) DA operators must collect information on customers and their counterparties in connection with digital asset transfers; conduct due diligence on counterparties; verify the qualifications of the DA operator or digital asset service provider of the counterparty (counterparty VASP) and intermediary DA operator (where the DA operator arranges for an intermediary digital asset operator to be in the digital asset transfer route); and verify ownership of, or control over, self-hosted wallets when transferring digital assets to, or receiving digital assets from, self-hosted wallets;

(3) Ordering DA operators must transmit information on the originator and the beneficiary together with the digital asset transfer order to the counterparty VASP receiving the transfer order (beneficiary DA operator);

(4) DA operators must retain information accompanying every digital asset transaction for at least five years in a manner that enables the supervisory authority to promptly retrieve or examine such information.

The regulations will take effect on 27 February 2027 to allow DA operators sufficient time to prepare and develop systems for information transmission, receipt, and transaction monitoring in compliance with the new requirements.

Mrs. Pornanong Budsaratragoon, SEC Secretary-General, said, “The SEC has placed importance on ensuring that digital asset business operators are not misused as channels for money laundering and technology-related crimes. To this end, the SEC has continuously worked with public and private sector partners. We are confident that the introduction of the Travel Rule for Digital Assets will enhance the capability to combat technology-related crimes and reduce the risk of DA operators being used for money laundering and terrorist financing. The requirements reinforce digital asset business operators’ responsibilities in overseeing their customer transactions in accordance with applicable regulations and guidelines. They also strengthen anti-money laundering measures in line with international standards (FATF), thereby enhancing confidence in Thailand’s digital asset ecosystem and supporting greater connectivity with international markets over the long term.”

Note:
* One related notification: Notification of the Office of the Securities and Exchange Commission No. Sor Thor. 9/2026 Re: Establishment of Risk Management Measures for the Transfer and Receipt of Digital Assets to Prevent the Use of Digital Asset Business Services as Channels for Money Laundering and Technology-Related Crimes, dated 25 August 2026.