The Digital Economy and Society (DES) Ministry is set to launch the Central Fraud Registry as an automated solution to fight scams and address illegal transactions, fraud and mule accounts.
The platform was developed from the existing National Interbank Transaction Management and Exchange, jointly created by the Thai Bankers' Association (TBA) and the Bank of Thailand.
According to DES permanent secretary Wisit Wisitsora-at, the platform was developed to complement a recent royal decree on cybercrime prevention and suppression, which gives victims, banks and the authorities more options in fighting online scams and other illegal internet activities.
