Following a public hearing on the proposal to amend the capital adequacy requirements for business operators to ensure that they have sufficient capital to address business risk and maintain business continuity,* the SEC has issued the following key amendments: (1) Allowing business operators to temporarily use qualified subordinated debt exceeding the shareholders' equity without counting them as total liabilities in the calculation of net capital on the condition that they rectify the...
The SEC held a group meeting with nine organizations to integrate collaboration to prevent and suppress digital asset-related frauds and promote investor education regarding digital asset
Broadcasting and Telecommunications Commission, (8) the Anti-Money Laundering Office, and (9) the Thai Alliance against Ponzi Schemes. The main objective of the multiparty collaboration is to prevent and
action. To safeguard investors and prevent unlicensed digital asset trading platforms from being exploited as channels for money laundering, in line with the intent of the Royal Decree on Measures for the
Currently, there are no licensing regulation for digital asset custodial wallet providers in Thailand. Thus, a digital asset business operator who performs safekeeping of clients’ digital assets with a total value of 15 million baht or more* has to store clients’ digital assets with foreign digital asset custodians not subject to Thai law and supervision of the Thai regulator. In addition, discussions with relevant enforcement agencies have raised concerns that digital assets may be used...
Risk Management to Prevent the Use of Securities Business for Money Laundering and Financing of Terrorism
The Securities and Exchange Commission (SEC) has considered it appropriate to designate 31 July 2023 as a normal business day for securities companies and derivatives business operators to prevent
Bangkok, 19 March 2020 – According to the Cabinet’s resolution on 17 March 2020, approving the postponement of the public holidays during 13 -15 April 2020 to prevent and contain the spread of the
The SEC urges investors who use these platforms to consider withdrawing or transferring their assets from the platforms before 28 June 2025 to protect their interests and prevent any potential impact