bank account
- Bangkok News
Bangkok woman arrested for call centre scam impersonating police
A 63 year old woman was recently arrested in Bangkok for allegedly participating in a call centre scam that impersonated police officers from the Surin City Police Station. The scam involved video calls to victims, convincing them to transfer money for “verification” purposes, resulting in losses exceeding 1 million baht. The arrest was made yesterday by the Metropolitan Police Bureau,…
- Bangkok News
Thai woman arrested in Bangkok for opening mule account
A 21 year old Thai woman has been arrested after her younger sister allegedly coaxed her into opening a bank account under the guise of saving salary money for her niece, only for it to be used as a mule account in a call centre scam. Police officers, led by Police Major General Kongkrit Leothsithikul, took action yesterday, December 11,…
- Thailand News
£230k from Jersey bank returned to Thailand after corruption probe
More than £230,000 (about 10 million baht) seized from a Jersey bank account is being returned to Thailand following a high-profile investigation spearheaded by US police. The funds were linked to a major corruption scandal allegedly involving Gerald and Patricia Martha Green, who were found guilty of bribing former Thai Tourism Authority Governor Juthamas Siriwan and her daughter, Jittisopa. The…
- Thailand News
Crackdown on financial crimes suspends 34,000 bank accounts
The Thai Bankers Association (TBA) announced a significant crackdown on financial crimes, blacklisting 15,000 individuals and suspending 34,000 bank accounts linked to call centre scams. TBA Chairman Payong Srivanich revealed today, September 2, that the association’s new AI-driven system, the Cross-Reference File (CRF), uncovered over 15,000 people involved in money laundering schemes. This system, which has been analysing data from…
- Thailand News
Buriram woman loses 530,000 baht in unauthorised transfers
A woman in Buriram is in distress after discovering 530,000 baht missing from her bank account, with two banks deflecting responsibility. The funds were transferred to accounts in China and Vietnam, although the account holder insists she did not authorise the transactions. Benjawan Supanam, a 35 year old resident of Buriram, reported that money had vanished from her bank account.…
- Thailand News
NBTC suspends SIM cards to tackle call centre scams
The National Broadcasting and Telecommunications Commission (NBTC) of Thailand, in partnership with the Anti-Money Laundering Office (AMLO), launched a significant operation aimed at regulating mobile banking and combating call centre scams. The initiative led to the suspension of 1,096,000 phone numbers registered to users holding more than 101 SIM cards. A member of the NBTC board, Police General Nathathorn Prousoontorn,…
- Business News
CIMB promotion offers increased interest rates for saving accounts
CIMB Thai is offering a new range of savings accounts with increased interest rates until the end of July. Beginning on June 1, CIMB Thai customers who open a ‘Speed Savings Account’ will receive an increased bonus interest rate to help grow their savings. Each savings account will receive a base interest rate adjusted based on the total amount of…
- Business News
Thailand tackles fraud with mobile bank account name verification
Mobile bank account holders can continue using their services uninterrupted as authorities work to ensure the names of account holders match those of phone subscribers, according to the Ministry of Digital Economy and Society (DES). This initiative aims to tackle the misuse of bank accounts by fraudsters. The crackdown, launched at the beginning of the week, has caused some concern…
- Guides
Thai Legal Protection introduces an exclusive member privilege: Opening a Thai bank account on a tourist visa
Thai Legal Protection, a leading provider of legal assistance and support services in Thailand, is thrilled to announce an exclusive member privilege aimed at simplifying financial transactions and enhancing security for expatriates and tourists alike. Members of Thai Legal Protection can now open a Thai bank account while on a tourist visa. This unlocks a host of benefits and conveniences.…
- Thailand News
War on online scams: Nearly 40,000 fraudulent accounts frozen
Since its establishment on November 1 last year, the Anti-Online Scam Operation Centre (AOC 1441) has waged a battle against cyber fraud, culminating in the freezing of 39,918 bank accounts, revealed Digital Economy and Society Minister Prasert Chantararuangthong. Prasert disclosed that this drastic action was prompted by a deluge of 307,515 complaints received by AOC as of January’s conclusion. Explaining…
- Thailand News
Thai bank customer’s account drained from 300,000 to 5,000 baht
A Facebook user’s shocking discovery that her bank account balance plummeted from 300,000 baht to just 5,811 baht after 20 unauthorised withdrawals sparked widespread concern over bank security. The user’s post, which included screenshots of the transactions, has gone viral, calling into question the safety of depositing money in banks and urging a swift explanation from the financial institution. In…
- Thailand News
Unsuspecting Singapore chef uncovers Thailand-based vice ring
A Singapore chef found himself entangled in a web of illegal vice activities linked to a Thailand-based syndicate. The Singaporean man’s involvement in the illicit operation not only led to his arrest but also shed light on the sophisticated and lucrative nature of the syndicate’s operations in Singapore. After befriending a woman he met at a karaoke lounge in Golden…
- Thailand News
Unmasking the money: The underworld of ‘dummy accounts’ in illicit finance
A bank account referred to as a dummy account is typically held by a person who is not the actual owner. These accounts are commonly used in illicit financial activities such as fraudulent transfers, gambling, drug trafficking, or money laundering. Dummy accounts can be obtained in two main ways: 1. Paying someone else to open an account. 2. Deceiving or…
- Guides
How to secure credit cards in Thailand for foreigners: A comprehensive guide
Living in Thailand without a credit card is certainly feasible, given the multiple payment options for goods and services available in the country. But, getting a local credit card does make life a lot easier. In addition to cutting down on foreign exchange fees, having a local credit card can simplify the tedious task of paying bills, allowing you to…
