Thailand tightens reporting of non-resident cash inflows

Thailand tightens reporting of non-resident cash inflows

Thailand is taking a closer look at capital inflows by non-residents as part of the central bank’s effort to manage baht movements.

Thailand Tightens Reporting on Non-Resident Cash Inflows to Manage Baht

BANGKOK – Thailand is implementing stricter monitoring of capital inflows from non-residents as part of a broader effort by the central bank to manage the rapid appreciation of the baht. Starting Monday, Thai banks will be required to report any non-resident capital inflows exceeding $200,000, including the purpose and supporting documentation. Thai Baht Hits Four-Year […] Source

Thailand Orders Banks to Flag Big Foreign Cash Inflows

Thailand is ramping up control over foreign capital inflows as part of a strategy to regulate baht movements. The Bank of Thailand announced that banks must report any non-resident capital inflows exceeding $200,000 (approximately 7,020,000 Thai baht). Governor Vitai Ratanakorn confirmed that the move aims to enhance oversight, marking the first time such inflows undergo scrutiny for purpose and documentation. This new regulation will be eff…

Thailand Tells Banks to Declare Transactions of $200,000 And Up

The Bank of Thailand has instructed commercial banks and state-owned financial institutions to declare foreign currency transactions of $200,000 and …