Summary · why it matters
The Ministry of Finance, together with the Ministry of Digital Economy and Society and related agencies, is preparing a National Anti-Fraud Master Plan and laying out four national central systems to link risk data, incident reporting, money-trail tracking and asset freezing, so that agencies can act on the same information immediately instead of keeping data separate and coordinating step by step. Ms. Lalida Periswiwatana, deputy spokesperson for the Prime Minister's Office, said the government is accelerating efforts to cut off the money trails of technology-driven crime, after finding that money movements have become more complex and faster. Where funds once moved mainly through bank accounts, they can now be spread across multiple layers of accounts, withdrawn as cash, converted into digital assets, gold or foreign currency, or moved out of the country within just a few hours, meaning the old coordination approach may not be able to keep up with the money. The four central systems are: first, One Identity, One Risk Level, which links risk data so that financial institutions, telecom operators, digital platforms and law enforcement see the same set of risks in real time; second, a fraud-pattern analytics system that builds an anonymised financial transaction data centre to analyse criminal networks; third, a single-report, single-trail system that combines reports made through the 1441 hotline, financial institutions and the police into one system using a single reference number throughout the process; and fourth, a track-in-time, freeze-fast system that links data to follow money as it moves and issues freeze orders under legal authority, while supporting the return of funds to victims or the lifting of freezes in line with case outcomes. Related agencies will raise KYC, CDD and EDD standards to tighten scrutiny of customers and risky transactions from the outset, to a level comparable with financial centres abroad. The subcommittee on linking financial data to improve the monitoring of suspicious financial transactions, chaired by Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas, has assigned the permanent secretary of the Ministry of Finance, together with related agencies, to speed up the design of the details of all four systems, including data structure, connectivity, responsible agencies and data standards, for completion within 30 days before submitting them to the subcommittee for further consideration.
