Thailand Crypto Operators Freeze 10,000 More Accounts in AML Crackdown

Thai cryptocurrency platform operators have reportedly frozen over 10,000 accounts suspected of being used for illicit fund laundering as part of an intensified Anti-Money Laundering (AML) crackdown targeting mule accounts. These freezes followed the implementation of stricter screening measures and enhanced Know Your Customer (KYC) requirements for high-risk transactions, according to Att Thongyai Asavanund, CEO of KuCoin Thailand and chairman of the Thai Digital Asset Operators Trade Association (TDO). This effort builds upon previous actions taken in February 2025, where the SEC, TDO, and various regulatory and banking bodies established safeguards that led to the freezing of 47,692 mule accounts that year. The agencies also agreed to expand data-sharing guidelines among operators, banks, and law enforcement. The latest action coincides with Thailand's broader campaign against "gray money," which includes tightening oversight on digital assets and strictly enforcing the Travel Rule for licensed crypto service providers.

(Source：Cointelegraph)