BANGKOK, Thailand – The Bank of Thailand (BoT) has dismissed social media rumors that transferring money between one’s own accounts could lead to funds being frozen, confirming after consultations with commercial banks that the claim is false.
The central bank warned against exploiting misinformation during the rollout of financial tracking measures under the Royal Decree on Cybercrime Prevention and Suppression. These measures have been developed to help victims recover funds from scams while limiting the impact on legitimate account holders.
BoT officials said enforcement involves a careful balance, restricting mule accounts used by criminals for fraudulent transfers while minimizing disruption to ordinary users. Limiting mule account activity is viewed as key to curbing online fraud and reducing systemic risks.
To ease the burden on the public, the BOT has worked with the police and the Anti-Online Scam Operation Center to accelerate unfreezing procedures and strengthen safeguards. The changes ensure innocent users can regain access to their accounts more quickly.
The bank also held its 2025 symposium under the theme “Staying Ahead of Financial Threats to Build Confidence,” reaffirming that Thailand’s financial system remains secure, resilient, and accessible to the public. (NNT)
