Villagers Flock to Close Suspected Mule Accounts

[webfact]

 

NAKHON PHANOM, March 22 (TNA) – Villagers in Nakhon Phanom province flocked to close their suspected mule accounts after a new law on cybercrime took effect last Friday.

After the Royal Decree on Cyber Crime Prevention and Suppression took effect on March 17, people who open a bank account or register a SIM card for a third party for illegal use face a maximum of three years in jail and/or a fine of up to 300,000 baht.

 

The new law allows banks to suspend accounts suspected of being involved in illicit transactions for investigation.

Full story: https://tna.mcot.net/english-news-1138974

 

-- © Copyright Thai News Agency 2023-03-22

 

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[phetphet]

I wonder if large numbers of bank accounts being closed en masse will affect the bank's share price.

[Liverpool Lou]

24 minutes ago, phetphet said:

I wonder if large numbers of bank accounts being closed en masse will affect the bank's share price.

Jesus, how many do you think that there are?  It won't, it's not as if those villagers are taking money out of the accounts, if they're mule accounts that will have been done already..

Edited March 22, 2023 by Liverpool Lou

[connda]

1 hour ago, phetphet said:

I wonder if large numbers of bank accounts being closed en masse will affect the bank's share price.

And suddenly there are bank runs!  In this particular day and age banks are going to do what they need to do to stay solvent and liquid.

[Burma Bill]

39 minutes ago, connda said:

banks are going to do what they need to do to stay solvent and liquid.

Like keeping ex-pats 400,000/800,000 Baht in accounts for 6 months with the help of the Thai Government??

[Enoon]

Classic Thai media image, a bunch of ignorant, gullible, superstitious people who have ****** up or been ******over:

 

 

The Thai State breeds them to it.

 

 

Edited March 22, 2023 by Enoon

[KhunLA]

"Villagers in Nakhon Phanom province flocked to close their suspected mule accounts"

 

Or ... they're just Q'ing up, waiting for it to open on any given day.  Especially pay days, beginning/end of or mid month.