BANGKOK, Thailand – The Cabinet has approved in principle a draft ministerial regulation aimed at expediting refunds to victims of technology-related crimes. Proposed by the Ministry of Digital Economy and Society, the regulation will be reviewed by the Office of the Council of State before implementation.
The regulation requires officials, government agencies, financial institutions, and business operators to establish clear criteria, methods, and conditions for reviewing and issuing refunds to victims. It also provides victims or related parties with a structured process to request or contest refunds, ensuring faster resolution.
Additionally, the regulation outlines the management of unclaimed funds or digital assets. Unclaimed amounts will be transferred to the Anti-Money Laundering Fund, while claimants may still recover assets later if they provide valid justification.
Currently, 853,486 accounts are frozen, holding a total of 3.07 billion baht (around 95 million US dollars) pending investigation. The new regulation will help swift return of funds to victims and enhance confidence in Thailand’s justice system. (PRD)
