Mobile banking users not affected yet by new regulation : NBTC

[webfact]

The National Broadcasting and Telecommunications Commission (NBTC), Thailand’s telecom regulator, announced today that mobile banking users can undertake transactions as usual, despite today’s enforcement of a new regulation designed to protect users from scammers.

 

Under the new rule, the owner of a bank account with mobile banking must be the same person registered as the user of the SIM card, to prevent scammers from using “mule” accounts and “ghost” SIM cards to steal money from bank depositors electronically.

 

The NBTC explained that it is seeking cooperation from the Anti-Money Laundering Office (AMLO) and commercial banks to enable it to coordinate with mobile phone service providers, to check the numbers of registered SIM cards which are linked to mobile banking systems.

 

The information from the mobile service providers, Advanced Info Service (AIS) and TRUE, will then be sent to commercial banks, who will cross check it against their bank accounts with mobile banking. The information will then be passed on to AMLO and the NBTC.

 

Full story: Thai PBS 2024-05-28

 

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[hotchilli]

2 hours ago, webfact said:

Under the new rule, the owner of a bank account with mobile banking must be the same person registered as the user of the SIM card, to prevent scammers from using “mule” accounts and “ghost” SIM cards to steal money from bank depositors electronically.

A step in the right direction.

[norbra]

For a while now when using the Kasicorn bank app they have been asking me to change my phone number.

I have my "call"number registered but they are detecting my data sim when I connect and they ask if I want to change to this number.

[Beerzy65]

5 minutes ago, norbra said:

For a while now when using the Kasicorn bank app they have been asking me to change my phone number.

I have my "call"number registered but they are detecting my data sim when I connect and they ask if I want to change to this number.

More info please

 

[OneMoreFarang]

It's almost funny when one day there is suddenly an article that the SIM owner and account owner must match.

At least I never heard/read before that anybody was planning someting like that.

And then, a day later, there is another article that in the moment it doesn't really matter.

TiT

[Karma80]

Well that's gonna be fun for everyone with multiple family numbers under a mobile plan.

[Galong]

Those of us who work here usually have our phone SIMS registered in our company's name. This is a standard practice among business people for tax purposes. I guess I'll either have to get an additional card or lose the tax write-off. This will affect a lot of Thai business people as well. Again, it's a common practice to put your personal phone in the company's name.  Oh well, SSDD.

[lordgrinz]

Ready, Fire.....Aim.

[lordgrinz]

1 hour ago, norbra said:

For a while now when using the Kasicorn bank app they have been asking me to change my phone number.

I have my "call"number registered but they are detecting my data sim when I connect and they ask if I want to change to this number.

 

Yeah that should be fun when we are overseas on a trip using a data sim, which is a normal practice, then to possibly have our bank accounts disabled.

[digbeth]

7 minutes ago, Galong said:

Those of us who work here usually have our phone SIMS registered in our company's name. This is a standard practice among business people for tax purposes. I guess I'll either have to get an additional card or lose the tax write-off. This will affect a lot of Thai business people as well. Again, it's a common practice to put your personal phone in the company's name.  Oh well, SSDD.

 

but do you really need your personal mobile banking app to be working on the company's phone? 

[jacko45k]

1 hour ago, norbra said:

For a while now when using the Kasicorn bank app they have been asking me to change my phone number.

I have my "call"number registered but they are detecting my data sim when I connect and they ask if I want to change to this number.

I believe this is proving an issue for Thais too, many of whom have their phones set up to handle a family member's' account. My Mrs does it  for her elderly mother, who could not possibly handle mobile banking. 

[lordgrinz]

What set of idiots run this country? First you research the issue, look for the good and the bad, basically gathering all input from all relevant parties so you don't make a dumb mistake by declaring a change without first knowing the pitfalls. In Thailand they declare something, then realize their mistake afterwards, then rescind or backtrack. This stupid approach seems the be the norm here, I seriously question the IQ of the average Thai, or at least those they vote into office. Again......Ready, Fire....Aim!

[TroubleandGrumpy]

4 minutes ago, lordgrinz said:

What set of idiots run this country? First you research the issue, look for the good and the bad, basically gathering all input from all relevant parties so you don't make a dumb mistake by declaring a change without first knowing the pitfalls. In Thailand they declare something, then realize their mistake afterwards, then rescind or backtrack. This stupid approach seems the be the norm here, I seriously question the IQ of the average Thai, or at least those they vote into office. Again......Ready, Fire....Aim!

I am sure you are being facitious - and that you already knew Thias are not at the top end of the evolutionary pole for IQ. That is why there is no Mensa branch here (despite the prestige available if someone was a member) and the Thailand Facebook site for Mensa members is open to all people residing/working here, and still has less than 100 members (86). 

[Galong]

30 minutes ago, digbeth said:

 

but do you really need your personal mobile banking app to be working on the company's phone? 

Yes, it's my only phone. I use it for work and some of that work involves online banking. I could have two SIM cards, but that seems an additional step that shouldn't be necessary. Yes, go after obvious criminals. There are a lot of us legitimately using our phones for business and personal use. 

[lordgrinz]

3 minutes ago, TroubleandGrumpy said:

I am sure you are being facitious - and that you already knew Thias are not at the top end of the evolutionary pole for IQ. That is why there is no Mensa branch here (despite the prestige available if someone was a member) and the Thailand Facebook site for Mensa members is open to all people residing/working here, and still has less than 100 members (86). 

 

Yes, the average here is I believe 88......yikes!

[digbeth]

2 hours ago, hotchilli said:

A step in the right direction.

 

so instead of the mules selling the accounts, they now have to sell both accounts and corresponding sim card.... not too difficult to overcome by the criminals

[Galong]

1 minute ago, digbeth said:

 

so instead of the mules selling the accounts, they now have to sell both accounts and corresponding sim card.... not too difficult to overcome by the criminals

Exactly, this will be a mild inconvenience for criminals and a pain in the backside for the rest of us.  The new tax scheme supposedly developed ALSO to catch wealthy Thais who use the loophole. In reality, the supposed target rich people will find a way around it. Us average folks will be nailed.

[bamnutsak]

Thai bank branches are easily corrupted.

 

AMLO estimated that up to 500,000 accounts are mule accounts to facilitate criminal activity.

 

 

[TroubleandGrumpy]

15 minutes ago, lordgrinz said:

 

Yes, the average here is I believe 88......yikes!

So I believe. I think of that issue and laugh whenever I read yet again another Falang stating that Thailand needs a better education system, in response to whatever problem happens, as if that would solve the many problems and faults here.

[TroubleandGrumpy]

10 minutes ago, bamnutsak said:

Thai bank branches are easily corrupted.

 

AMLO estimated that up to 500,000 accounts are mule accounts to facilitate criminal activity.

People in Thailand are the most likely in Asia to be deceived over the phone (88%), followed by Malaysia (82.7%), Hong Kong (81.3%) and Vietnam (80.2%).  Asia Scam Report 2023: Thailand highest in Asia for phone scams (nationthailand.com)

 

[bob smith]

This country is run by clowns.

 

nothing more to say really.

 

bob.

[Tropicalevo]

1 hour ago, Galong said:

Those of us who work here usually have our phone SIMS registered in our company's name. This is a standard practice among business people for tax purposes. I guess I'll either have to get an additional card or lose the tax write-off. This will affect a lot of Thai business people as well. Again, it's a common practice to put your personal phone in the company's name.  Oh well, SSDD.

Should you be making private calls etc on a company phone?

That is why I put my own name on my phone number. Most company business I do by email for ease of reference and filing.

[norbra]

2 hours ago, Beerzy65 said:

More info please

 

I have 2 sim cards in my phone,1 for data(internet) and the other for voice calls,sms,etc.

My call sim is in my wife's name and my data sim in mine.

My call sim is registered with Kasicorn,but they are asking me to change to the data sim number,this I cannot do as it is not registered with Kbank,must register at branch first.

Can't think what other info I can provide

[Tropicalevo]

54 minutes ago, lordgrinz said:

I seriously question the IQ of the average Thai, or at least those they vote into office.

Most of the leaders/governments were never voted into office.

That, perhaps, is the problem.

[Jenkins9039]

5 hours ago, webfact said:

 

 

The information from the mobile service providers, Advanced Info Service (AIS) and TRUE, will then be sent to commercial banks, who will cross check it against their bank accounts with mobile banking. The information will then be passed on to AMLO and the NBTC.

 

 

Seems they've gone cocopops for AML... 

 

The scamming can't be that bad surely that they have to impact some 65m people 

[ravip]

1 hour ago, lordgrinz said:

What set of idiots run this country? First you research the issue, look for the good and the bad, basically gathering all input from all relevant parties so you don't make a dumb mistake by declaring a change without first knowing the pitfalls. In Thailand they declare something, then realize their mistake afterwards, then rescind or backtrack. This stupid approach seems the be the norm here, I seriously question the IQ of the average Thai, or at least those they vote into office. Again......Ready, Fire....Aim!

Quite a huge accusation.

 

" to check the numbers of registered SIM cards which are linked to mobile banking systems."

 

Is this REALLY a stupid, brainless idea?

Me too am inconvenienced, as my number (around 10 years) in NOT in my name, and I am not in Thailand right now. My Bank app has already been restricted for outgoing transactions. But, I can view and remit moneys to it.

 

OK. I myself did activate the option Lock transfer/top up/ pay via app many months ago and it was reversible, until recently

 

When I inquired from them via email, they informed me...

... please note that if you have previously activated the ‘Lock transfer / top up / pay via app’ function, it is compulsory for you to verify your identity by scanning your face within the application to unlock this function. We regret to inform you that we are unable to unlock the function or verify your face ID via the email channel due to security measures and verification limitations.

 

Well, I guess security measures are increasing, to match the crime rates  that are going up steadily.

 

Better safe than sorry, I think.

[Galong]

1 hour ago, Tropicalevo said:

Should you be making private calls etc on a company phone?

That is why I put my own name on my phone number. Most company business I do by email for ease of reference and filing.

Yes, it's not a big deal and we're a small family-owned business, not a corporation. Our phone are in the company name at the suggestion of our accountant. That's what she does with her firm and if you check around, you'll likely find that a lot of people here do the same thing. This is Thailand. It's less anal-retentive than police-state countries, though there are signs that it's heading that way. 😏

The majority of my business is done by email and WhatsApp. 

[Maitdjai]

2 hours ago, Galong said:

Exactly, this will be a mild inconvenience for criminals and a pain in the backside for the rest of us.  The new tax scheme supposedly developed ALSO to catch wealthy Thais who use the loophole. In reality, the supposed target rich people will find a way around it. Us average folks will be nailed.

Just another step to teach, who is the real owner of your money, who decides about, how, when, for what, you'll get access to it.
As usual, in Thialand, the efforts to jump on bandwagons, are clumsy due to the average dilettantism.
It just takes a bit longer, until anything works normal again.
But, all only for your own safety. To fight human trafficking, child-porn, internet fraud, money laundering, tax evasion, terrorism, etc.
are favourite samaritan reasons for it.

[HuaHinNew]

OMG, do these idiots running government here ever think through clearly about policy changes before they implement them.

 

As stated above, by many.... many scenarios where the owner of the bank account performing the mobile transaction is not the current registered owner of the SIM card. 

 

e.g. family plan, business ownership, replacement SIM card in travelling countries....and so on

 

Seems, if it's in their Thai DNA intellect...  no matter if it's BOT, IMM, RD and now NBTC.....

 

Understand their strategy, but in life you can't legislate everything to protect everyone.

 

With technology comes advantages and disadvantages.......a little education and common sense go a long way to mitigating spam and scams.

 

[chilly07]

Whose going to  enforce? 

Bank or SIM  provider? Never managed to  activate  facial recognition with Krungsri.  They didn't know what to do. BB recognition works intermittently. 

Who is going to trawl through SIM Nos and Account Nos to find a lack of matches. In fact they are looking for a needle in a haystack. Only way they can enforce this is to apply it on initial account application including  mobile app set up which is quite enough to  stop mule accounts.

Just like the  retrospective tightening up of tax on incoming transfers this is yet another example of floating an idea to see if it will fly!