Bank of Thailand, SEC Review High-Value USDT Transactions Under Expanded AML Rules

According to MPost, on July 13, Bank of Thailand (BOT) and Thailand's Securities and Exchange Commission (SEC) are reviewing high-value Tether (USDT) and other stablecoin transactions as part of expanded anti-money laundering oversight. Regulators are examining whether stablecoins are being used to conceal beneficial ownership or bypass domestic remittance channels, with suspicious transactions referred to the SEC for enforcement review.

The BOT is introducing additional AML measures in the fourth quarter, including a requirement for individuals depositing 5 million baht or more in cash to verify the source of their funds. Commercial banks have also been instructed to apply stricter Know Your Customer (KYC) procedures when opening accounts to prevent misuse for illicit activities.