manager, failed to comply with the rules, conditions, and procedures stipulated in the relevant notification. In this regard, Merkle failed to provide appropriate internal systems and processes for
+ services by transferring digital assets into Z Wallet, believing that their assets had not been transferred elsewhere for other benefits. Moreover, Zipmex Thailand provided the reports on its clients'
and January 20, 2025, Merkle failed to comply with the rules, conditions, and procedures stipulated in the relevant notification. In this regard, Merkle failed to provide appropriate internal systems
also colluded to act dishonestly in selling NUSA condominium units in Bangkok at a price lower than the appraised price and transferring funds out of NUSA into personal accounts and those of close