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Bangkok Post
Bangkok Post
Business

Illicit bank accounts face legal crackdown

One suggestion involves allowing fraud victims to freeze transfers to nominee accounts.

The Finance Ministry has instructed the Fiscal Policy Office (FPO) to find ways to tackle fraudsters' use of nominees to open bank accounts, says the ministry's permanent secretary Krisada Chinavicharana.

Mr Krisada said online scams are escalating, including cases where victims are tricked into installing a mobile app that later enables scammers to transfer money from their bank accounts to accounts opened by nominees.

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