# Bank of Thailand Unveils Framework to Shield Financial Sector from Illicit Activities

- Link: https://www.thailand-business-news.com/banking/328409-bank-of-thailand-unveils-framework-to-shield-financial-sector-from-illicit-activities
- Published: 2026-09-30T07:35:00+07:00
- Author: SiamNews PR

**Governor of the Bank of Thailand and financial service providers developed a framework
to prevent financial sector exploitation for illegal activities, promoting stability,
security, and protection for legitimate users.**

---

Mr. Vitai Ratanakorn, Governor of the Bank of Thailand (BOT), stated that the BOT,
together with financial service providers under its supervision, jointly developed
the “Framework for Safeguarding the Financial Sector from Illicit Activities” with
a shared commitment to ensure that the financial sector is not exploited to facilitate
illegal activities of any kind. The aim is to promote a financial system that is
stable, secure, and trusted, while protecting the public from harm arising from 
the misuse of financial services.

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Under the framework, participating organizations are expected to establish clear
strategic direction, policies, and governance arrangements to prevent the misuse
of the financial system, and to embed this responsibility as an integral part of
corporate governance. They are also expected to translate these principles into 
concrete and effective preventive measures, supported by minimum standards that 
are appropriate to the nature of each business and regularly updated with the evolving
context.

Participating organizations will also leverage their respective strengths in data
analysis, technology, and expertise to optimize surveillance, detection, and response
capabilities. Importantly, their cooperation and exchange of information, knowledge,
fraud typologies, warning indicators, and good practices with relevant stakeholders
across sectors will enhance the collective ability to address increasingly sophisticated
fraudulent transactions, which often exploit legal or institutional gaps between
agencies. In implementing these measures, appropriate consideration will also be
given to balance the impact on legitimate customers, access to financial services,
fair competition, as well as innovation.

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For its part, the BOT will further strengthen system-wide supervisory standards,
including customer and counterparty due diligence, as well as the use of data, technology,
and expertise to improve its capabilities to monitor and detect high-risk transactions.

**Source** : [https://www.bot.or.th/en/news-and-media/news/news-20260910.html](https://www.bot.or.th/en/news-and-media/news/news-20260910.html?rand=113190)