Customers depositing more than 5 million baht in cash will be required to disclose the source of the funds from the fourth quarter as part of tighter measures to curb the grey economy and illicit financial activities, according to Bank of Thailand governor Vitai Ratanakorn.
The central bank places high priority on tackling Thailand’s structural problems, particularly the informal economy, grey capital and corruption, Mr Vitai said during a meeting with economic reporters on Saturday.
