BANGKOK, Thailand – The Cooperative Auditing Department has launched anti-corruption protocols and initiatives to prevent misconduct and ensure the financial safety of cooperative members nationwide. Director-General Wuttipong Niamhom has provided updates on a financial misconduct discovered at the Hat Yai Credit Union Cooperative in Songkhla Province. After joint investigations with the Department of Cooperative Promotion, the cooperative terminated complicit employees, filed civil and criminal lawsuits, and engaged the Anti-Money Laundering Office (AMLO) to seize illicit assets.
To prevent similar issues, the director-general announced the establishment of a specialized bureau to monitor systemic financial anomalies and educate shareholders on asset protection. The department urged cooperative members to monitor institutional operations and encouraged the use of the “Smart Member” mobile application, a secure tool that lets users audit their transaction history and account balances in real time.
The department stressed that all cooperative ledger software and system operators must meet rigorous state performance benchmarks. All institutional financial data streams must link directly to the department’s centralized hub. This infrastructure will use AI algorithms to continuously audit transactions, evaluate risk profiles, and automatically flag discrepancies, restoring long-term transparency and public trust in Thailand’s cooperative network. Members may contact the department at 02-016-8888 or through the department’s Facebook page for more information. (NNT)
