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SEC teams up with nine organizations to prevent and suppress digital asset investment frauds



Wednesday 5 June 2019 | No. 68 / 2019


Bangkok, 5 June 2019 – The SEC has joined the integrated collaboration with nine organizations to reinforce prevention and suppression of frauds related to public solicitation for digital asset investment, law enforcement against offenders, and promotion of educational activities to extend knowledge and understanding of the investing public regarding digital asset investment. The group’s meeting was held today at the SEC Office.

The SEC hosted the meeting with executives and representatives from the nine organizations, namely (1) the Ministry of Digital Economy and Society, (2) the Department of Special Investigation, (3) the Technology Crime Suppression Division, (4) the Economic Crime Suppression Division, (5) the Office of Consumer Protection Board, (6) the Fiscal Policy Office, (7) the Office of the National Broadcasting and Telecommunications Commission, (8) the Anti-Money Laundering Office, and (9) the Thai Alliance against Ponzi Schemes.

The main objective of the multiparty collaboration is to prevent and suppress frauds related to public solicitation for digital asset investment. The group also uses this opportunity to expand the network for sharing knowledge and educating the public about digital asset investment.

SEC Secretary-General Ruenvadee Suwanmongkol said: “All participating agencies shared their views and experiences at our brainstorming meeting today. We plan to lay out more efficient guidelines for preventing and suppressing digital asset-related frauds and faster measures to contain damage incurred from such frauds that affect the investing public. The next step is to discuss methods and procedures for integrating our collaboration further and consider bilateral or multilateral memorandums of understanding with our allies.”

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