BoT to shift call centre scam liability to banks


FILE PHOTO: Thailand's central bank is seen at the Bank of Thailand in Bangkok, Thailand. REUTERS/Jorge Silva

BANGKOK: The Bank of Thailand (BoT) plans to introduce regulations this month making financial institutions and payment providers liable for losses from call centre scams.

Financial Institutions Stability deputy governor Roong Mallikamas made the announcement following the publication of the Royal Decree on Measures for the Prevention and Suppression of Technology Crimes (No 2) BE 2568 (2025) in the Royal Gazette on Saturday.

The BoT supports the principles outlined in the Royal Decree and has collaborated with relevant agencies to provide input and improve the content to strengthen measures for combating technology-related crimes, she said.

She explained that the forthcoming announcement would address issues such as protection against user impersonation in financial transactions, the management of mule accounts, and prompt reporting mechanisms.

It is expected to be issued by the end of April. — The Nation/ANN

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Bank of Thailand , scam , regulation

Next In Business News

Invictus Blue confirms exit of two senior leaders following organisational reset
Oil extends climb on Iran supply disruption concerns
Gold steadies below record US$4,600/oz as investors book profits
Velocity Capital exits MMAG with RM9.4Mil share disposal
Trump vows 25% tariff on countries doing business with Iran
Australia's Lynas Rare Earths CEO to retire after over a decade in role
AirAsia X to be renamed AirAsia from Jan 19
HK sees innovation, tech efforts bear fruit
VSTECS appointed distributor of Agibot humanoid robotics solutions
Kumpulan Jetson unit disposes of adhesives manufacturing business for RM14.8mil

Others Also Read