Thai Examiner
Bank of Thailand cracking down on grey capital. New five million baht limit on funds without source details
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
◌ Single Source
Banks to tighten the screws on grey money, ordering explanations for cash deposits above ฿5 million while expanding surveillance of suspicious accounts, luxury property deals and digital assets.
Key facts
- Banks to tighten the screws on grey money, ordering explanations for cash deposits above ฿5 million while expanding surveillance of suspicious accounts, luxury property deals and digital assets.
- Thailand is preparing its biggest assault yet on the grey economy, with customers depositing more than 5 million baht in cash soon required to explain the source of their money as the Bank of Thailand widens a sweeping crackdown on illicit
- New cash disclosure rules will target large deposits, banknote exchanges and suspicious cash movements
- Mr Vitai said large cash withdrawals have fallen by approximately 35% since the measures began
- Banks widen surveillance as property deals, gambling accounts and stablecoins face tighter scrutiny
- Structural weaknesses, ageing workforce and uneven recovery continue to limit Thailand’s economic potential
Summary
Thailand is preparing its biggest assault yet on the grey economy, with customers depositing more than 5 million baht in cash soon required to explain the source of their money as the Bank of Thailand widens a sweeping crackdown on illicit finance, suspicious banking activity, high-value cash property purchases and digital assets.
Thailand will require customers depositing more than 5 million baht in cash to disclose the source of the funds from October as the Bank of Thailand broadens its campaign against the grey economy, illicit finance and corruption.