Ban on transactions from mule accounts imminent

Quick Summary:

The banking industry is set to implement a ban on financial transactions involving mule accounts next month, in compliance with the Bank of Thailand's directive.

The regulator plans to prohibit the opening of new corporate mule accounts within February.

Officials show mule accounts seized from scam gangs, at the Central Investigation Bureau on December 23, 2021.

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Article Details

Category: EconomyBusiness

Markets: ThailandMyanmar

Topics: Banks Industry Central Banking Accounts Money Payong Mule Financial Brown Month

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-06 @ 05:58:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 429 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 25916002

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 18 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 3 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #66

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