# SEC escalates efforts to combat digital asset mule accounts and the illicit use of foreign platforms for money laundering

- Link: https://www.thailand-business-news.com/crime/208059-sec-escalates-efforts-to-combat-digital-asset-mule-accounts-and-the-illicit-use-of-foreign-platforms-for-money-laundering
- Published: 2025-04-09T17:05:12+07:00
- Author: SiamNews PR

**Amendments to Thailand’s Digital Asset Business Law and Cybercrime Law enhance
efforts to combat cybercrime and tackle mule accounts. Key measures include website
and application blocking, strengthened anti-money laundering protocols, and stricter
penalties for violators.**

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The Thai Cabinet has approved amendments to the Emergency Decree on Digital Asset
Businesses B.E. 2561 (2018) and the Emergency Decree on Measures for the Prevention
and Suppression of Cybercrime B.E. 2566 (2023). These revisions aim to bolster measures
against cybercrime and mule accounts, enhance the security of public financial transactions,
and improve the efficiency of combating online scams. Both laws will come into effect
once published in the Government Gazette.

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The changes to the Digital Asset Business Law and the Cybercrime Law will make it
easier to stop the misuse of digital asset accounts. These updates explain how information
is shared between agencies and improve efforts to prevent foreign digital asset 
platforms from being used for money laundering. They also allow faster action to
block websites and apps of foreign digital asset companies that target investors
in Thailand. The goal is to improve law enforcement, boost teamwork between banks,
digital asset companies, and other agencies, and tackle cybercrime more effectively.
Measures related to digital assets include:

## Measures for combating digital asset mule accounts 

– Requiring digital asset business operators to exchange information, screen and
suspend transactions or accounts related to cybercrimes in the same manner as commercial
banks. This includes being subject to mechanisms for refunding victims, which will
enable them to receive refunds more quickly. Additionally, a blacklist of individuals
or digital asset wallet addresses related to cybercrimes will be established, and
digital asset business operators will be prohibited from conducting transactions
with individuals or digital asset wallets on this list;

 – Requiring commercial banks, telephone and telecommunications network providers,
social media service providers, and digital asset business operators to take joint
responsibilities for damages caused by cybercrimes if they fail to comply with the
standards or measures for preventing cybercrimes as specified by regulatory authorities;

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 – Specifying penalties for owners of digital asset mule accounts who open or allow
others to use their digital asset accounts to commit cybercrimes. They are subject
to imprisonment for up to three years, a fine of up to 300,000 baht, or both. Those
who are hired to open bank accounts with commercial banks and open accounts with
digital asset business operators will be subject to the same level of punishment.

## Measures for preventing the use of foreign digital asset exchanges as a channel for money laundering

– Detering and preventing foreign peer-to-peer (P2P) digital asset trading platforms,
which are qualified as digital asset exchanges under the Digital Asset Business 
Law, as well as other types of foreign digital asset business operators, from providing
services to local investors;

– Authorizing the Ministry of Digital Economy and Society to more swiftly block 
websites and applications of foreign digital asset business operators that solicit
or advertise services to investors in Thailand to enhance the efficiency of law 
enforcement.

**Source** : [SEC strengthens measures to combat digital asset mule accounts, elevates blocking the misuse of foreign platforms for money laundering to reduce public harm](https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=11682&rand=113627)