The Bank of Thailand is introducing daily limits on digital money transfers by young account holders after finding a sharp rise in the use of minors’ bank and e-money accounts as “mule accounts” by fraudsters.
Intelligence gathered in concert with law enforcement agencies showed that criminal networks were increasingly exploiting deposit and e-money accounts held by young people to facilitate financial crimes, according to Chayawadee Chai-anant, assistant governor for corporate relations at the central bank.
