with relevant criteria, such as collecting and evaluating user data, using blockchain forensics tool to identify illicit transactions, reporting information to the SEC, and preparing exit plans from the
. Pornanong Budsaratragoon, Secretary General of the SEC, stated: “The enhancement of KYC/CDD standards forms part of the SEC’s ongoing efforts to combat illicit financial flows. These measures are intended to
.1.3) Compliance and legal risks: Given the ability to transfer digital assets to/from private wallets where the user’s identity is unverified, digital assets may be used for illicit activities such as
Office that: (1) the applicant’s business is not involved in any illegal activities either under Thai or foreign law; (2) the offering specified in the application may be legally made under the laws and
investment for the client , the intermediary shall provide a system for controlling the client ’s assets to prevent being lost, damaged and unlawful exploitation; (10) having compliance system in accordance
, damaged and unlawful exploitation; (10) having compliance system in accordance with the Notification of the Capital Market Supervisory Board concerning Establishment of Compliance Unit of Intermediaries
unlawful exploitation; (10) having compliance system in accordance with the Notification of the Capital Market Supervisory Board concerning Establishment of Compliance Unit of Intermediaries; (11) having
of newly issued shares to the general public only if the applicant would be able to demonstrate to the satisfaction of the SEC Office that the applicant’s business is not involved in illegal business
qualifications whereby an IPO applicant shall not get involved in any illegal business. The proposed amendments are in line with the regulations for issuance of newly issued shares of public limited companies