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Bangkok Post
Bangkok Post
Business

DES cracks down on peddling of bogus investments

The Digital Economy and Society (DES) Ministry says it will send a list of websites and social media pages suspected of luring people into bogus asset investments to the Bank of Thailand and the Securities and Exchange Commission (SEC) to check the licences, as part of a crackdown on scammers.

"If websites or social media channels are found to have violated laws, we will seek a court order to shut them immediately by resorting to power in the Computer-related Crime Act," said DES Minister Chaiwut Thanakamanusorn.

"The approach can help stop damage in the early stages before a large number of people are lured, preventing huge losses."

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