The SEC has been coordinating and holding discussions with the TDO, digital asset business operators, and relevant agencies including the Bank of Thailand, the Cyber Crime Investigation Bureau, the Central Investigation Bureau (CIB), the Anti-Money Laundering Office (AMLO), and the Thai Bankers’ Association to prevent the use of digital assets as a means for money laundering by criminals.

 
The SEC has updated the progress of the joint efforts with the TDO in developing the preventive measures and industry standard to eliminate and block mule accounts in the digital asset industry. These measures cover actions like blocking new mule accounts, detecting irregular customer behaviors, and inspecting and taking action against digital asset trading accounts that may constitute mule accounts. Additionally, information on mule accounts will be shared from the banking sector and other relevant authorities to digital asset sector.

Mr. Anek Yooyuen, SEC Deputy Secretary-General and Spokesperson, said: “The SEC is aware of the problems arising from cybercrimes that cause significant harm to public assets. We have been continuously working with relevant agencies to address this issue from multiple dimensions. In particular, we have developed preventive measures and industry standard that will help prevent the conversion of victims’ money into digital assets via mule accounts. Several digital asset business operators have already implemented these measures to block mule accounts. By the end of March 2025, digital asset business operators will strictly implement these measures to establish them as the industry standard for Thailand’s digital asset sector. The SEC and the TDO will rigorously and continuously monitor and evaluate the effectiveness of these measures to ensure optimal results.”