BoT seeks closer monitoring of large cash transactionsThe Bank of Thailand is tightening oversight of cash transactions by introducing stricter due diligence requirements and clearer verification of the purpose of fund usage, in an effort to curb suspicious transactions. As a result, financial institutions and specialised financial institutions (SFIs) are required to enhance their risk management frameworks. Banks are required to establish clear policies and procedures to detect and manage risks associated with cash transactions in a timely manner. Financial institutions must ensure customers complete identity verification before conducting cash transactions, with continued monitoring and scrutiny of such transactions. Suspicious cash transactions that may indicate unlawful activities must be reported to the central bank.

Source: Bangkok Post February 11, 2026 22:52 UTC