SEC signs MOU with public and private agencies to combat cybercrimes

Bangkok, 6 November 2025 - The Securities and Exchange Commission (SEC) has signed a Memorandum of Understanding (MOU) on cooperation in preventing and suppressing technology-related crimes with 15 public and private sector agencies. The initiative aims to declare a commitment to combat technology-based crimes (scammers), prevent the exploitation of digital assets as a channel for money laundering, and provide information support regarding investment scams.

The MOU signing ceremony, chaired and witnessed by Prime Minister and Minister of Interior Anutin Charnvirakul, saw the participation of 15 public and private organizations, namely: (1) the Anti-Money Laundering Office (AMLO), (2) the Royal Thai Police, (3) the Ministry of Digital Economy and Society (MDES), (4) the Ministry of Justice, (5) the Ministry of Interior, (6) the Ministry of Finance, (7) the Ministry of Foreign Affairs, (8) the Ministry of Commerce, (9) the Office of Public Sector Anti-Corruption Commission (PACC), (10) the Department of Special Investigation (DSI), (11) the Office of the National Broadcasting and Telecommunications Commission (NBTC), (12) the Bank of Thailand (BOT), (13) the SEC, (14) the Thai Bankers' Association, and (15) the Government Financial Institutions Association.

Ms. Jomkwan Kongsakul, SEC Deputy Secretary-General, stated that in preventing and suppressing technology-related crimes, the SEC has continuously implemented measures to prevent the misuse of digital assets as a channel for money laundering. This includes collaborating with private sector agencies to set standards for preventing and handling mule accounts. The SEC also played a role in pushing for the issuance of the Royal Decree on Measures for Preventing and Suppressing Technology-related Crimes (No. 2) B.E. 2568 (2025) and the Emergency Decree on Digital Asset Businesses (No. 2) B.E. 2568 (2025). These will enhance the effectiveness in blocking digital asset mule accounts, clarify mechanisms for information exchange among relevant agencies, and require digital asset business operators to share responsibility for damage incurred to investors if they fail to comply with standards or preventive measures against technology-related crimes. Furthermore, in cooperation with the MDES, measures have been strengthened to prevent the use of overseas digital asset trading platforms as channels for money laundering. This includes faster blocking of websites or applications operated by foreign digital asset service providers that solicit or advertise services to investors in Thailand. Collaboration is also being expanded among banks, digital asset business operators, and relevant agencies to address technology-facilitated crime issues. As a result of these measures, over 32,671 digital asset mule accounts have been suspended with assets worth approximately 228 million baht seized (as of 30 September 2025). The SEC has also submitted information regarding five unlicensed digital asset trading platforms to the MDES for access blocking.

Additionally, the SEC continues the Preventive Anti-Scam for All initiative aimed at mitigating public losses from investment scams through services of the Investment Scam Hotline 1207, extension 22, which has been a channel for reporting tips-off and requesting information support since 2023. In October 2025 alone more than 1,500 reports or requests were received, reflecting growing public awareness and demand for assistance.

Moreover, the SEC uses technology to detect and block investment scam solicitations on social media platforms such as Facebook, Instagram, TikTok and LINE by teaming up with the platform providers, which resulted in 100% full blockage of scams within seven minutes up to 48 hours after detection. The SEC has also developed online tools enabling the public to verify information by themselves. For example, SEC Check First application allows verification of licensed business operators or investment consultants, SEC Investor Alert web page shows the lists of unlicensed entities or organizations, and Scam Center website serves as an information hub on various types of investment scams. <_o3a_p>

The SEC also extends collaboration with both domestic and international organizations. This includes disseminating scam alerts via the I-SCAN network under the International Organization of Securities Commissions (IOSCO) and connecting victims who call the Investment Scam Hotline with the Anti Online Scam Operation Center or AOC 1441 for filing complaints or freezing accounts without delay.

"This MOU signing reinforces the SEC's role as a center for providing comprehensive services against investment scams, raising standards in preventing and suppressing the misuse of digital assets for money laundering, and ensuring Thailand's capital market remains sustainably protected from technology-related crimes," added SEC Deputy Secretary-General Jomkwan Kongsakul. <_o3a_p>

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