of Thai Bankers Association (TBA) It has reportedly blacklisted 15,000 people involved in call centre fraud and blocked 34,000 bank accounts. The Nation.
The move follows the implementation of an AI-driven Cross Reference File (CRF) system designed to identify mule accounts used for money laundering activities.
TBA president Payong Slivanic said on Monday that the CRF system developed by the association had identified more than 15,000 individuals who had opened accounts for illegal activities.
The system has been analysing commercial bank data for the past nine months but became fully operational last month, allowing banks to share information more effectively.
Payon stressed that the TBA expects further suspensions as the CRF system continues to identify additional suspicious mule accounts.
Currently, all commercial banks are using the CRF system and the data provided by the Anti-Money Laundering Department to take action against those involved.
Vice Governor Ronald Noumnonda Bank of ThailandHe commended commercial banks for their cooperation in strengthening measures against online fraud.
He noted that since the CRF system went live on Aug. 1, banks have been proactively sharing information, enabling them to more quickly identify and block suspected mule account holders.
Blacklisted individuals will be required to meet with Online Fraud Prevention Centre officials to resolve the issue before their accounts can be unfrozen.
