DES ministry set to combat cybercrime with new AI registry

The Ministry of Digital Economy and Society (DES) in Thailand is gearing up to introduce the Central Fraud Registry, a technological solution designed to combat scams and tackle illegal transactions. This innovation stems from the National Interbank Transaction Management and Exchange, a collaboration between the Thai Bankers’ Association (TBA) and the Bank of Thailand.

As stated by notable DES figures, Wisit Wisitsora-at, the Central Fraud Registry is an expansion of recent efforts to prevent and suppress cybercrime activity. This platform, he believes, presents victims, banks, and authorities with an enhanced ability to combat online scams and other unlawful Internet actions.

TBA’s chairman, Payong Srivanich, indicated in previous remarks that the new system would function as a complementary mechanism to the Thailand Banking Sector…