BANGKOK: Thailand's central bank is stepping up financial fraud prevention measures after around 540,000 scam cases with damages worth more than 63 billion baht (about US$1.71 billion) were reported in the past two years.
Nearly 200,000 mule accounts, those used to receive and transfer funds acquired illegally on behalf of others, have been frozen between March 2023 and April this year as part of a crackdown on financial fraud, the Bank of Thailand (BOT) said on Thursday (June 13).
