banking
- Thailand News
Thailand exempts five groups from SIM registration update
The Ministry of Digital Economy and Society (MDES) has outlined five groups exempt from updating their SIM registration names to match mobile banking names as part of measures to prevent online crime. The aim is to curb mule accounts. This measure began on February 1. The first group includes mobile numbers registered under government agencies, such as the Office of…
- Business News
Thai banks to ban mule account transactions next month
The banking sector will introduce a ban on financial transactions involving mule accounts next month, adhering to a directive from the Bank of Thailand. Following a recent meeting of the Joint Standing Committee on Commerce, Industry and Banking, Payong Srivanich, chairman of the Thai Bankers’ Association, announced that banks are upgrading their operational and security systems to block transactions across…
- Business News
HSBC Thailand is the big cheese, claims No.1 bank title again
HSBC Thailand once again has proven itself the big cheese of banking, clinching the Best International Bank in Thailand award for the fourth year running from both Euromoney and FinanceAsia. This coveted accolade reflects the bank’s top-notch financial prowess and its solid standing in the Thai market. The accolades don’t stop at Thailand’s borders! HSBC’s domination extends throughout the ASEAN…
