Thai bank account freezes refer to a nationwide anti-scam sweep where banks suspended millions of accounts suspected as mule accounts; temporary transfer limits and short-term suspensions are being used while authorities verify transactions, affecting merchants, expats and ordinary customers across Thailand.
Millions of accounts frozen nationwide
Authorities use temporary holds and transfer limits to block suspected mule activity
Impacted users include innocent merchants, expats and everyday bank customers; investigations are ongoing
Thai bank account freezes: Millions of accounts temporarily frozen amid anti-scam sweep; learn who’s affected and how to protect funds. Read the full report now.
What are Thai bank account freezes and why are they happening?
Thai bank account freezes are temporary suspensions and transfer limits imposed by banks and law enforcement to stop scammers using mule accounts. The measure began in August after a wave of call-center fraud; banks have reportedly frozen millions of accounts while the Cyber Crime Investigation Bureau (CCIB) investigates suspicious flows.
How are mule accounts identified and who is affected?
Authorities flag accounts showing rapid inflows and outflows consistent with money-laundering patterns. Innocent vendors and small merchants have been caught in the dragnet as scammers change laundering techniques. Expatriates and regular customers report biometrics checks and limits on large mobile-app transfers.
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Bitcoiners are reacting after Thai banks froze millions of accounts in a nationwide anti-scam effort, with some innocent vendors and expatriates reportedly affected.
The nationwide crackdown, which started in August, has led banks to freeze accounts they suspect are being used as mule accounts. Weekend reporting indicates up to three million accounts have faced suspensions and that daily transfer caps were applied across all bank customers in Thailand, according to local reporting.
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The Cyber Crime Investigation Bureau (CCIB) confirmed that some legitimate online merchants and vendors have seen accounts frozen as scammers shifted laundering tactics. Bangkok Post and local sources report the issue is broadening beyond clear criminal actors.
The Bank of Thailand has warned that additional account freezes are possible as the CCIB and financial institutions expand investigations. Officials emphasize these measures are temporary and aimed at halting active fraud networks.
“We urge the public not to panic. The suspension is only temporary and will be lifted once checks confirm no wrongdoing,” said Wisit Wisitsora-at, secretary of the Digital Economy and Society Ministry. Commercial banks may suspend suspect funds for up to three days, while police can extend holds to seven days.
Chinese-affiliated call centers operating from neighboring countries have targeted Thai residents with social-engineering scams this year, prompting joint operations with Japan and India to dismantle syndicates, local enforcement said.
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