The Thai Bankers Association (TBA) has blacklisted 15,000 individuals and suspended 34,000 bank accounts connected to call-center scam operations, according to The Nation.
The move follows the implementation of an AI-driven Cross-Reference File (CRF) system designed to identify mule accounts used in money laundering activities.
TBA Chairman Payong Srivanich announced on Monday that the CRF system, developed by the association, flagged more than 15,000 individuals who had opened accounts for illegal activities.
The system, which has been analysing data from commercial banks for the past nine months, became fully operational last month, enabling banks to share information more effectively.
Payong emphasised that the TBA expects further suspensions as the CRF system continues to identify additional suspected mule accounts.
All commercial banks are now using the data provided by the CRF system and the Anti-Money Laundering Office to take action against those involved.
Ronadol Numnonda, Deputy Governor of the Bank of Thailand, commended the cooperation of commercial banks in enhancing measures to combat online fraud.
He noted that since the CRF system went live on 1 August, banks have been actively sharing information, allowing for quicker identification and blocking of suspected mule account holders.
Individuals who have been blacklisted are required to meet with officials from the Anti-Online Scam Operation Centre to resolve the issue before their accounts can be unfrozen.
