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THAILAND LIVE Thailand Live Wednesday 20 August 2025
Thailand Tightens Mobile Banking to Curb Scams File photo for reference only The Bank of Thailand has announced strict new mobile banking transfer limits to combat rising financial fraud, capping daily transfers at 50,000 baht for children under 15 and seniors over 65 opening new accounts. Full story: https://aseannow.com/topic/1370283-thailand-tightens-mobile-banking-to-curb-scams/ -
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Finance Thailand Tightens Mobile Banking to Curb Scams
File photo for reference only The Bank of Thailand has announced strict new mobile banking transfer limits to combat rising financial fraud, capping daily transfers at 50,000 baht for children under 15 and seniors over 65 opening new accounts. Daranee Saeju, the assistant governor for payment systems policy, stated the measure aims to protect vulnerable customers by introducing a customer profiling system that sets transfer limits based on risk. Users are divided into three groups: suspected fraudsters, general users, and vulnerable customers, with limits categorised into three tiers: under 50,000 baht, under 200,000 baht, and above 200,000 baht. The new policy is already in effect for new mobile banking applicants. Existing users will need to comply by year-end, though banks will individually determine risk classifications. Customers with positive financial histories remain unaffected, and those needing higher limits can request upgrades. Special precautions will still apply to those considered vulnerable to fraud due to their increased susceptibility, reported the Bangkok Post. Currently, Thailand has about 12 million mobile banking users. Existing controls limit mobile banking transfers to 50,000 baht per transaction, with facial recognition, and 200,000 baht per day. However, financial fraud is a serious concern, with June alone documenting 24,500 scam cases linked to money transfers, resulting in losses totalling 2.8 billion baht. On average, each fraudulent case resulted in 114,000 baht lost, with the largest single scam taking 4.9 million baht. Regionally, 22% of fraud cases involve transactions exceeding 50,000 baht sent to mule accounts, yet they account for a staggering 76% of the overall losses. Alarmingly, it takes scammers only three minutes to drain half the stolen funds, whereas victims generally take between 19 and 25 hours to report the crime. In the first half of the year, 78,468 scam cases involved children, while those over 65 were victims in 416,453 cases. Adapted by ASEAN Now from Bangkok Post 2025-08-20 -
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THAILAND LIVE Thailand Live Wednesday 20 August 2025
Illegal Chinese Cosmetics Factory Busted, Fake Products Seized Picture courtesy of Naewna. Police have raided a cosmetics factory in Chachoengsao province, seizing more than 230,000 illegally produced items with an estimated market value of over 20 million baht. Full story:https://aseannow.com/topic/1370282-illegal-chinese-cosmetics-factory-busted-fake-products-seized/ -
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Best city after 52 years
Agreed, and now he’s broke having to live the way he does. -
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Crime Illegal Chinese Cosmetics Factory Busted, Fake Products Seized
Picture courtesy of Naewna. Police have raided a cosmetics factory in Chachoengsao province, seizing more than 230,000 illegally produced items with an estimated market value of over 20 million baht. The joint operation, involved the Central Investigation Bureau (CIB), the Consumer Protection Police Division (CPPD), Thailand’s Food and Drug Administration (FDA) and the provincial public health office. The raid followed complaints from local authorities and members of the public that an unlicensed plant in Bang Pakong district was manufacturing cosmetics without official approval or product registration numbers. Officials warned that such products, made without safety checks or ingredient disclosure, posed serious risks of allergic reactions and long-term skin damage. During the search, officers discovered a large-scale illegal production line where raw materials imported from China were being boiled, mixed, bottled, labelled and packed for export. Police detained a 24-year-old Thai woman, identified only as Ms Papavee, who claimed she managed the site on behalf of a Chinese company director. She admitted the factory had been operating for around eight months. Authorities seized 234,699 items, including nine categories of cosmetic products, along with machinery, labels, packaging and raw ingredients. FDA deputy secretary-general Dr Rungreethai Muanprasitporn said the raid highlighted the dangers of counterfeit cosmetics and praised cooperation between agencies in shutting down the illegal factory. “Consumers should only buy products with Thai-language labels, FDA registration numbers and clear information on ingredients, usage and manufacturer details,” he stressed. The offences fall under Thailand’s 2015 Cosmetics Act, carrying penalties of up to six months in prison or fines of 50,000 baht for producing unregistered cosmetics, and up to two months in jail or fines of 20,000 baht for selling them. Products without Thai-language labels also attract penalties of up to three months in jail or fines of 30,000 baht. Police have vowed to pursue the wider network behind the operation and warned consumers against purchasing health and beauty products that appear unusually cheap, carry incomplete labelling, or make exaggerated claims. The suspect and the seized goods have been handed over to CPPD investigators for prosecution. Adapted by Asean Now from Naewna 2025-08-20 -
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Best city after 52 years
How would you know? According to your past posts you don’t take part in that behavior. Certainly hope you’re not a hypocrite. The majority of leftists are.
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