Ministry unveils platform targeting online scammers

The Digital Economy and Society (DES) Ministry is set to launch the Central Fraud Registry as an automated solution to fight scams and address illegal transactions, fraud and mule accounts.

The platform was developed from the existing National Interbank Transaction Management and Exchange, jointly created by the Thai Bankers’ Association (TBA) and the Bank of Thailand.

According to DES permanent secretary Wisit Wisitsora-at, the platform was developed to complement a recent royal decree on cybercrime prevention and suppression, which gives victims, banks and the authorities more options in fighting online scams and other illegal internet activities.

TBA chairman Payong Srivanich said earlier the registry would be a new inspection entity in addition to the existing Thailand Banking Sector Computer Emergency Response Team, a group of financial institutions under the…