# SET, SEC and AMLO sign MoU to fight Illegal securities trading

- Link: https://www.thailand-business-news.com/economics/158864-set-sec-and-amlo-sign-mou-to-fight-illegal-securities-trading
- Published: 2024-08-30T14:50:00+07:00
- Author: J. Allan

The Anti-Money Laundering Office (AMLO), the Stock Exchange of Thailand (SET), and
the Securities and Exchange Commission (SEC) are advancing a new agreement to combat
illicit activities in the securities markets.

## Key takeaways

 * The AMLO along with the SEC and the SET has signed a new memorandum of understanding
   to fight illegal securities trading activities.
 * The collaboration between the organizations will primarily aim to coordinate 
   efforts to prevent and combat violations in securities trading.
 * The initiative marks the beginning of an integrated action among the three agencies
   to provide more effective, swift, and rigorous legal actions against offenders.

The three entities signed a memorandum of understanding to cooperate in the prevention
of crimes in securities trading.

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The collaboration between the organizations will primarily aim to coordinate efforts
to prevent and combat violations in securities trading.

Kittipong Urapeepatanapong, President of the SET, emphasized the importance of taking
measures against offenders, particularly by minimizing redundancy in the workflows
of all relevant law enforcement agencies.

He added that the use of AMLO’s legal procedures for prosecuting offenders in cases
that significantly impact society and investors should help restore investor confidence.

The initiative marks the beginning of an integrated action among the three agencies
to provide more effective, swift, and rigorous legal actions against offenders.

The President of the SEC, Wisit Wisitsora-at, explained that economic crimes not
only cause direct harm to investors but also generate negative impacts on national
economies.

Wisit added that one of the key factors to improving confidence in the capital market
is maintaining good governance, which requires clear and timely regulatory mechanisms.

Finally, the initiative will seek to improve the prevention and enforcement of regulations
against unfair practices in securities trading.

It will also aim to combat embezzlement, fraud, and financial misconduct under the
Securities and Exchange Act B.E. 2535 (1992).

## The main measures to fight illegal trading taken by the SET

The Securities Exchange of Thailand was established under the Securities Exchange
of Thailand Act, B.E. 2517 (1974), marking the beginning of the modern era of the
Thai stock market. The SET operates on a non-profit basis, aiming to promote savings
and long-term capital fundraising for the country’s economic development. Over the
years, the SET has grown significantly, becoming a central hub for trading listed
securities and providing related services.

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The Stock Exchange of Thailand (SET) has implemented several robust measures to 
combat illegal trading and ensure market integrity. These include stringent monitoring
systems that use advanced technology to detect irregular trading patterns and potential
market manipulations.

The SET also enforces strict compliance with regulations, requiring all market participants
to adhere to ethical trading practices. To enhance transparency, the SET mandates
timely disclosure of information by listed companies, which is crucial for investors
to make informed decisions.

To combat illegal activities and enhance market integrity, Thai regulators have 
implemented several measures. 

The SET has proposed measures to strengthen trading supervision, including automatic
trading halts, dynamic price bands, and enhanced market surveillance. 

These measures aim to prevent inappropriate trading behaviors, reduce price fluctuations,
and promote transparency and fairness for all investors: they are part of a broader
framework designed to maintain the integrity of the financial market and safeguard
against illegal trading practices.

Public consultations have been conducted to gather feedback and further improve 
these regulations.