Bank of Thailand aims to quickly unlock frozen accounts

Bank of Thailand aims to quickly unlock frozen accounts

The Bank of Thailand is expediting efforts to unlock the financial transactions of suspended accounts affected by investigations into mules.

Thailand Faces Rising Bank Account Freeze

In August 2025, the Bank of Thailand started a comprehensive statewide crackdown on financial fraud. They froze more than three million bank accounts that were thought to be used as “mule accounts” by scammers. Advanced data analytics played a crucial role in identifying these accounts by looking for strange transaction patterns, such as low-activity accounts that were used to launder stolen money.  Many consumers had their accounts frozen and w…

Thai Banks Lock Accounts as Scam Fight Sweeps the Nation

Bank customers in Thailand are discovering that their accounts have been frozen, part of a government effort to disrupt financial fraud.

Thailand freezes 3 million bank accounts in online fraud crackdown

Thailand has frozen over three million bank accounts as part of a sweeping crackdown on online fraud. This move, the authorities say, is necessary to combat rampant scams but has also left many innocent vendors unable to access their money, according to reports. The Bank of Thailand, working alongside the Cyber Crime Investigation Bureau (CCIB) and the Ministry of Digital Economy and Society, announced that strict measures were needed to combat …

Thailand Freezes Millions of Bank Accounts in Scam Crackdown - Blockchain & Cryptocurrencies Tabloid

Thailand freezes 3 million accounts to fight scams, affecting financial and crypto sectors.

Thai Banks Pledge Urgent Action to Unblock Accounts Amid Fraudulent Transfer Crisis

The Bank of Thailand and a national banking association have pledged to unfreeze accounts of innocent people within four hours to tackle the mule account crisis.