Banks are tightening monitoring of digital transactions to prevent the use of mule accounts, as fraudsters shift their activities after stricter controls were imposed on conventional bank accounts. A banking industry source who requested anonymity said banks are intensifying scrutiny of digital transactions to curb mule accounts, as signs have emerged that fraudsters are increasingly turning to digital deposit accounts after tighter measures were introduced on regular bank accounts in compliance with Bank of Thailand regulations. "Although there has not yet been a significant increase in fraud through digital deposit accounts, banks need to take pre-emptive measures to control the problem," the source said. "The move was intended as an additional step to prevent criminals from using digital deposit accounts as mule accounts, thereby reducing channels for illegal transactions," noting the statement. Supreecha Limpikanjanakowit, executive vice-president of Kasikornbank (KBank), said the bank is reviewing possible clarifications to the conditions for digital deposit accounts.

Source: Bangkok Post March 11, 2026 01:52 UTC