The Bank of Thailand (BoT), the country’s central bank tasked with safeguarding monetary policy and financial stability, is preparing to launch a sector-wide framework designed to tackle digital fraud, governor Vitai Ratanakorn has announced.
According to Bangkok Post, set to take effect on 10 September, the initiative will see the central bank join forces with commercial and state-owned banks, non-bank e-payment providers, non-bank lenders and more than 2,000 money changers in a joint pledge to reject any involvement in facilitating illicit activity or corruption.
The framework introduces specific requirements, including heightened due diligence checks for cash deposits above five million baht and tighter limits on cash purchases of gold bullion worth ten million baht or more.
Alongside the domestic rollout, the Bank of Thailand is working with the International Monetary Fund and the World Bank to develop the “Bangkok Blueprint”, which is due to be unveiled at the IMF-World Bank annual meetings in Bangkok next month.
Recent measures to strengthen oversight of financial crime, including stricter reporting rules, have already delivered measurable results. High-value cash withdrawals have fallen by 52% over the past year, while high-value gold withdrawals have dropped by 70%, pointing to a broader slowdown in money-laundering activity. Separately, losses linked to push-payment fraud fell to 1.8 billion baht in the second quarter of 2026, an 80% reduction compared with the same period in 2024.
Governor Vitai outlined four strategic pillars shaping Thailand’s agenda for the upcoming IMF-World Bank meetings: digital and artificial intelligence transformation; resilience amid global fragmentation, with Thailand positioning itself as an investment and regional connectivity hub; financial architecture supporting climate adaptation; and the economic implications of demographic change and longevity. He linked these priorities to Thailand’s slower post-pandemic growth, which has averaged 2.4% annually compared with 5.3% following the 1997 Asian financial crisis.
Bank of Thailand governor Vitai Ratanakorn said, “Our ambition is for the Bangkok Blueprint to become a practical reference for countries seeking to strengthen their response to digital fraud.”
He added, “The challenge before us is not only to recover from shocks, but also to build resilience and the capability needed to sustain long-term growth.”
“A trusted and secure financial system is a safeguard against risk and a strategic asset that attracts investment and gives people and businesses the confidence to seize new opportunities.”
Copyright © 2026 RegTech Analyst
Copyright © 2026 RegTech Analyst
