Thailand’s SEC will require digital asset operators to share sender and recipient information for transfers from 27 February 2027.
Under the Travel Rule, operators must establish procedures for managing risks associated with sending and receiving digital assets.
They must collect information about customers and counterparties, conduct due diligence and verify the qualifications of counterparty service providers and any intermediary operators involved.
Operators must also verify who owns or controls self-hosted wallets used to send or receive digital assets.
Those initiating transfers must provide originator and beneficiary details to the service provider receiving the order.
Information accompanying each transaction must be retained for at least five years and made available to regulators when required.
The SEC developed the interim requirements with the Anti-Money Laundering Office (AMLO), which is preparing regulations under Thailand’s Anti-Money Laundering Act.
The regulator consulted stakeholders on the principles from March to April 2026 and the draft notification from June to July. Most supported the proposals.
Pornanong Budsaratragoon, SEC Secretary-General, said,
“We are confident that the introduction of the Travel Rule for Digital Assets will enhance the capability to combat technology-related crimes and reduce the risk of DA operators being used for money laundering and terrorist financing. The requirements reinforce digital asset business operators’ responsibilities in overseeing their customer transactions in accordance with applicable regulations and guidelines.
They also strengthen anti-money laundering measures in line with international standards (FATF), thereby enhancing confidence in Thailand’s digital asset ecosystem and supporting greater connectivity with international markets over the long term.”
Featured image: Edited by Fintech News Singapore, based on image by Who is Danny via Magnific
