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Thailand at Growing Risk of Becoming Money-Laundering Hub

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  • Popular Post

 

image.png

Picture courtesy of TNR

 

Thailand’s growing exposure to large-scale money laundering is now posing a direct threat to the economy, investor confidence and the daily lives of ordinary citizens, according to Thai Rath Money. A series of loopholes has enabled grey-money networks and transnational scam operations to expand their activities in the country. As these illicit flows continue, experts warn that financial crime is becoming increasingly intertwined with the public’s safety, household finances and national economic outlook.

 

Multiple indicators point to a widening impact. As of 3 December 2025, the Technology Crime Suppression Centre reported losses from online fraud totalling over 23.668 billion baht, with an average of 899 complaints filed each day. These cases include call-centre scams, investment fraud and other forms of cybercrime that leave thousands of Thais vulnerable. Authorities say criminals often exploit Thailand’s efficient digital payment system to transfer funds rapidly before victims or banks can intervene.

 

The public also faces risks from unknowingly becoming involved in mule accounts, a common method criminals use to move illicit money. Scammers have previously persuaded individuals to open bank accounts for small payments, only for those accounts to later be linked to fraud. Account holders can then face legal consequences, frozen accounts and lengthy procedures to restore access. In September, widespread account freezes triggered public concern when many users, some of whom were not mule-account operators, found their funds locked for extended periods.

 

Grey money is also believed to be entering Thailand’s real estate sector, driving up prices for homes, land and condominiums as criminals seek safe assets to hide illicit funds. On 2 December, the Anti-Money Laundering Office seized over 10 billion baht in assets from transnational scammers, including bank deposits, land plots and condominium units. Officials say these seizures highlight a broader pattern of property being used as a laundering channel, putting additional pressure on housing affordability for ordinary buyers.

 

Meanwhile, banks and regulators have tightened security procedures to slow the movement of illegal funds. New rules include warning prompts before transfers, lower transfer limits, and mandatory face scans for high-value transactions. While these measures improve security, they also create challenges for people unfamiliar with technology. Recent welfare registration efforts saw large crowds at government agencies due to digital verification difficulties.

 

Authorities also face rising administrative and enforcement costs. With over 300,000 online cases reported this year, significant taxpayer funds have been diverted to investigations, prosecutions and victim support. Analysts warn that persistent financial crime could strain public budgets while slowing economic growth.

 

ThaiNewsRoom reported that Thailand’s reputation is also at stake. If the country is perceived internationally as a money-laundering hub, foreign investors may withdraw or delay plans, reducing job creation and business expansion opportunities. Analysts caution that the long-term cost of inaction could be severe, affecting everything from market confidence to national competitiveness.

 

Key Takeaways

 

• Thailand’s grey-money problem is fuelling online scams, property inflation and stricter banking controls that affect everyday citizens.

• Over 23.668 billion baht has been lost to online crime in 2025, with hundreds of new reports filed daily.

• Authorities warn that reputational damage and reduced investment could harm long-term economic growth if money-laundering risks are not addressed.

 

Related Stories

 

Thailand-faces-scrutiny-over-scam-networks-and-money-Laundering


Tougher-measures-against-scams-as-Thailand-seizes-b10bn-assets

 

 

image.png Adapted  by  Asean Now from Thainewsroom 2025-12-07


image.png
 

image.png

 

 

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  • Growing? Always has been; and it’s a hub of everything else…

  • "Becoming"? 🤣

  • Middle Aged Grouch
    Middle Aged Grouch

    Like any country in the world. Banks or bureaucracy will fuss and harass decent people but the real crooks and scammers will get the VIP service and no hassles.   But on considering that eve

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  • Popular Post

Growing? Always has been; and it’s a hub of everything else…

  • Popular Post

I'm thinking of a barn door and a bolted horse. Extremely doubtful that Thailand's future reputation is at stake, considering the starting point. :coffee1:

  • Popular Post

Like any country in the world. Banks or bureaucracy will fuss and harass decent people but the real crooks and scammers will get the VIP service and no hassles.

 

But on considering that even the biggest crooks are those in suits, sitting in the corporate offices of banks, multinationals, global corporations or in political parties, be it in Europe, USA or Asia...no big deal and nothing will really change in the future. 

2 hours ago, Middle Aged Grouch said:

Like any country in the world. Banks or bureaucracy will fuss and harass decent people but the real crooks and scammers will get the VIP service and no hassles.

 

But on considering that even the biggest crooks are those in suits, sitting in the corporate offices of banks, multinationals, global corporations or in political parties, be it in Europe, USA or Asia...no big deal and nothing will really change in the future. 

Exactly. Has more to do with covering up their secrets than reputation. Another factor is taxes, of course. Untaxed income drives the pigs at the trough nuts. Do you like what govt does with your taxes??? I sure don't!

  • Popular Post

The millions and Billions in black money seem to be moved about freely,

while up plebs are given all kinds of hassel ,I have been asked ,where did

this money come from , taking money out ,what you going to buy .and 

that's for not a lot of money,

 

regards worgeordie

  • Popular Post
7 hours ago, Georgealbert said:

 

image.png

Picture courtesy of TNR

 

Thailand’s growing exposure to large-scale money laundering is now posing a direct threat to the economy, investor confidence and the daily lives of ordinary citizens, according to Thai Rath Money. A series of loopholes has enabled grey-money networks and transnational scam operations to expand their activities in the country. As these illicit flows continue, experts warn that financial crime is becoming increasingly intertwined with the public’s safety, household finances and national economic outlook.

 

Multiple indicators point to a widening impact. As of 3 December 2025, the Technology Crime Suppression Centre reported losses from online fraud totalling over 23.668 billion baht, with an average of 899 complaints filed each day. These cases include call-centre scams, investment fraud and other forms of cybercrime that leave thousands of Thais vulnerable. Authorities say criminals often exploit Thailand’s efficient digital payment system to transfer funds rapidly before victims or banks can intervene.

 

The public also faces risks from unknowingly becoming involved in mule accounts, a common method criminals use to move illicit money. Scammers have previously persuaded individuals to open bank accounts for small payments, only for those accounts to later be linked to fraud. Account holders can then face legal consequences, frozen accounts and lengthy procedures to restore access. In September, widespread account freezes triggered public concern when many users, some of whom were not mule-account operators, found their funds locked for extended periods.

 

Grey money is also believed to be entering Thailand’s real estate sector, driving up prices for homes, land and condominiums as criminals seek safe assets to hide illicit funds. On 2 December, the Anti-Money Laundering Office seized over 10 billion baht in assets from transnational scammers, including bank deposits, land plots and condominium units. Officials say these seizures highlight a broader pattern of property being used as a laundering channel, putting additional pressure on housing affordability for ordinary buyers.

 

Meanwhile, banks and regulators have tightened security procedures to slow the movement of illegal funds. New rules include warning prompts before transfers, lower transfer limits, and mandatory face scans for high-value transactions. While these measures improve security, they also create challenges for people unfamiliar with technology. Recent welfare registration efforts saw large crowds at government agencies due to digital verification difficulties.

 

Authorities also face rising administrative and enforcement costs. With over 300,000 online cases reported this year, significant taxpayer funds have been diverted to investigations, prosecutions and victim support. Analysts warn that persistent financial crime could strain public budgets while slowing economic growth.

 

ThaiNewsRoom reported that Thailand’s reputation is also at stake. If the country is perceived internationally as a money-laundering hub, foreign investors may withdraw or delay plans, reducing job creation and business expansion opportunities. Analysts caution that the long-term cost of inaction could be severe, affecting everything from market confidence to national competitiveness.

 

Key Takeaways

 

• Thailand’s grey-money problem is fuelling online scams, property inflation and stricter banking controls that affect everyday citizens.

• Over 23.668 billion baht has been lost to online crime in 2025, with hundreds of new reports filed daily.

• Authorities warn that reputational damage and reduced investment could harm long-term economic growth if money-laundering risks are not addressed.

 

Related Stories

 

Thailand-faces-scrutiny-over-scam-networks-and-money-Laundering


Tougher-measures-against-scams-as-Thailand-seizes-b10bn-assets

 

 

image.png Adapted  by  Asean Now from Thainewsroom 2025-12-07


image.png
 

image.png

 

 

AntiCorruptionMuseum.jpg.e5867e83db8f0863c0b7bed3149f4729.jpg

  • Popular Post

I think it's a good news report because, for a change, the authorities - though not directly quoted - are admitting to a huge problem that seems to be beyond their abilities or understanding of how to slow or stop it - and the country as a whole is at risk. You don't see that kind of frankness very often. So It is clearly a very serious situation.

This has been obvious for many years. The latest crypto rules in Thailand are clearly to allow this.

 

 

9 minutes ago, DonniePeverley said:

This has been obvious for many years. The latest crypto rules in Thailand are clearly to allow this.

 

 

Does that relate to the consistently, and illogically, higher baht (and if so, how)?

A lot of this happens simply because of greed and naivety regarding the individual that gets fleeced ... plus a weak law enforcement system.

29 minutes ago, Sir Dude said:

A lot of this happens simply because of greed and naivety regarding the individual that gets fleeced ... plus a weak law enforcement system.

 

 

I've said this many times .... Thailand likes to implenet many measures, eg something simple like the legalisation of Marijuana, but it simply does not have law enforcement man power to monitor that is controlled responisbiliy, so you end up with a free for all. 

 

You can open the border to mass tourism, to less developed nations, but then you simply do not have the resources for infrustructure to cope, and the law enforcement to keep things safe. 

I think they are right though.. the difference now is the scale of this scamming and hoodwinking into money laundering is happening at a household level. Sompong and Sombat and families.. Not just iCon and actresses and actors.. or Chinese mafia.. it's become familiarized in local communities. Sometimes the participants are fully aware of what's happening - some times less so. But it is happening at an accelerated and community level.

6 hours ago, worgeordie said:

The millions and Billions in black money seem to be moved about freely,

while up plebs are given all kinds of hassel ,I have been asked ,where did

this money come from , taking money out ,what you going to buy .and 

that's for not a lot of money,

 

regards worgeordie

Cancelling my Krungsri Bank app because I'm over 70 yo was a real winner. Probably the instigator of this initiative got and instant promotion.

18 hours ago, ronnie50 said:

I think it's a good news report because, for a change, the authorities - though not directly quoted - are admitting to a huge problem that seems to be beyond their abilities or understanding of how to slow or stop it - and the country as a whole is at risk. You don't see that kind of frankness very often. So It is clearly a very serious situation.

Seems to me that the only people being frank about the problem is Thai Rath. I suspect that if the authorities were asked, they would say that there is no problem because of the billion different initiatives that they have going on combined with the odd “crackdown”.

 

But that’s just me being cynical I guess

Growing risk ? It already is, and has been for years.

UK recently started cracking down on nail salons and barber shops used for money laundering.

 

Shopping mall near me in Bangkok, many units vacant, but several barber shops and nail salons (with few customers) remain open.

 

Could they also be used for laundering?

19 hours ago, Des1 said:

AntiCorruptionMuseum.jpg.e5867e83db8f0863c0b7bed3149f4729.jpg

There you could learn how to act, but they preferred to keep that to themselves, so someone from that club decided to close the museum until further notice.

  • Popular Post
On 12/7/2025 at 5:21 AM, Georgealbert said:

A series of loopholes has enabled grey-money networks and transnational scam operations to expand their activities in the country. As these illicit flows continue, experts warn that financial crime is becoming increasingly intertwined with the public’s safety, household finances and national economic outlook.

Thailand has more holes than Swiss cheese...

On 12/7/2025 at 5:21 AM, Georgealbert said:

large-scale money laundering

Bordering two communist countries and a military junta country might be the cause for channeling money laundering.

It seems based on recent arrests that Thailand might also become a magnet for money counterfeiting, both domestic and foreign currencies. 

  • Popular Post
33 minutes ago, Classic Ray said:

UK recently started cracking down on nail salons and barber shops used for money laundering.

 

Shopping mall near me in Bangkok, many units vacant, but several barber shops and nail salons (with few customers) remain open.

 

Could they also be used for laundering?

A very well-connected Thai-Chin friend of mine (classic upper-middle-class family that practices guangxi etc.), said a famous Thai chain of shops you see on every main street in Bangkok and nation-wide (not 7/11 and not convenience stores) is suspected of that. The logic made sense to me because the main product they sell is not something they'd be selling much of each day to warrant the number of shops the chain has operating. Anyway, just a story told to me from a Thai friend I trust. If true, then - as others have already said here - money laundering is instituionalized and wide spread among those with capital. Of course I won't name the chain and I won't reply to name droppers or acknowledge.

It will all be on behalf of their world masters again, and I am thinking of the WEF, but above all the OECD.

17 hours ago, scubascuba3 said:

They seem to be happy turning a blind eye to laundering 

Makes me wonder why they are cracking down on bank accounts?

On 12/7/2025 at 5:21 AM, Georgealbert said:

 

image.png

Picture courtesy of TNR

 

Thailand’s growing exposure to large-scale money laundering is now posing a direct threat to the economy, investor confidence and the daily lives of ordinary citizens, according to Thai Rath Money. A series of loopholes has enabled grey-money networks and transnational scam operations to expand their activities in the country. As these illicit flows continue, experts warn that financial crime is becoming increasingly intertwined with the public’s safety, household finances and national economic outlook.

 

Multiple indicators point to a widening impact. As of 3 December 2025, the Technology Crime Suppression Centre reported losses from online fraud totalling over 23.668 billion baht, with an average of 899 complaints filed each day. These cases include call-centre scams, investment fraud and other forms of cybercrime that leave thousands of Thais vulnerable. Authorities say criminals often exploit Thailand’s efficient digital payment system to transfer funds rapidly before victims or banks can intervene.

 

The public also faces risks from unknowingly becoming involved in mule accounts, a common method criminals use to move illicit money. Scammers have previously persuaded individuals to open bank accounts for small payments, only for those accounts to later be linked to fraud. Account holders can then face legal consequences, frozen accounts and lengthy procedures to restore access. In September, widespread account freezes triggered public concern when many users, some of whom were not mule-account operators, found their funds locked for extended periods.

 

Grey money is also believed to be entering Thailand’s real estate sector, driving up prices for homes, land and condominiums as criminals seek safe assets to hide illicit funds. On 2 December, the Anti-Money Laundering Office seized over 10 billion baht in assets from transnational scammers, including bank deposits, land plots and condominium units. Officials say these seizures highlight a broader pattern of property being used as a laundering channel, putting additional pressure on housing affordability for ordinary buyers.

 

Meanwhile, banks and regulators have tightened security procedures to slow the movement of illegal funds. New rules include warning prompts before transfers, lower transfer limits, and mandatory face scans for high-value transactions. While these measures improve security, they also create challenges for people unfamiliar with technology. Recent welfare registration efforts saw large crowds at government agencies due to digital verification difficulties.

 

Authorities also face rising administrative and enforcement costs. With over 300,000 online cases reported this year, significant taxpayer funds have been diverted to investigations, prosecutions and victim support. Analysts warn that persistent financial crime could strain public budgets while slowing economic growth.

 

ThaiNewsRoom reported that Thailand’s reputation is also at stake. If the country is perceived internationally as a money-laundering hub, foreign investors may withdraw or delay plans, reducing job creation and business expansion opportunities. Analysts caution that the long-term cost of inaction could be severe, affecting everything from market confidence to national competitiveness.

 

Key Takeaways

 

• Thailand’s grey-money problem is fuelling online scams, property inflation and stricter banking controls that affect everyday citizens.

• Over 23.668 billion baht has been lost to online crime in 2025, with hundreds of new reports filed daily.

• Authorities warn that reputational damage and reduced investment could harm long-term economic growth if money-laundering risks are not addressed.

 

Related Stories

 

Thailand-faces-scrutiny-over-scam-networks-and-money-Laundering


Tougher-measures-against-scams-as-Thailand-seizes-b10bn-assets

 

 

image.png Adapted  by  Asean Now from Thainewsroom 2025-12-07


image.png
 

image.png

 

 

Becoming 😱😱 Should that not read IS 🤷🏼

On 12/7/2025 at 5:21 AM, Georgealbert said:

 

Grey money is also believed to be entering Thailand’s real estate sector, driving up prices for homes, land and condominiums as criminals seek safe assets to hide illicit funds

I would think any legitimate business that could benefit from a large "investment" may be of interest.

 

According to AI Gemini

Financial Action Task Force

Being placed on the FATF's "Grey List" (jurisdictions under increased monitoring) creates a significant reputational risk and can lead to enhanced due diligence requirements from international financial institutions, making it more expensive and difficult for Thai businesses to conduct international transactions.

 

Sounds like typical day for most of us.  Reasons we have to go through many hops, just to complete a simple task is because of the actions of a few.

No $hit Sherlock! Just go look around Bhuket and Pottaya and see who’s flashing the cash.

2 hours ago, wombat said:

Makes me wonder why they are cracking down on bank accounts?

As always they crack down on some people often foreigners first, did you know the police are corrupt?

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