meta_id 3035887

On April 3, 2025, the Bank of Thailand (BOT) opened a public consultation on draft principles governing the reporting of suspicious transactions and unusual behaviour by financial institutions to the BOT. The consultation period runs until May 3, 2025, with 30 days remaining for stakeholders to submit feedback. The BOT has established reporting requirements applicable to commercial banks, specialised financial institutions, subsidiaries of foreign commercial banks, branches of foreign banks, and electronic payment service providers that are not financial institutions. These entities must prepare and submit reports to enable the BOT to conduct analysis and supervision of their operations. Financial institutions must begin submitting reports from June 2025 onwards, with the exception of subsidiaries and foreign bank branches, which must commence reporting from September 2025. The BOT is implementing four standardised reporting forms: suspicious customer behaviour reports prior to enhanced due diligence (EDD); EDD examination results; transaction details related to EDD; and automated teller machine (ATM) data. The reporting framework aims to strengthen financial crime prevention, enhance consumer protection, and standardise data infrastructure across the financial services sector. The initiative supports the BOT's broader objective of managing risks associated with customer financial services, ensuring appropriate customer due diligence aligned with risk levels, and preventing financial institutions from being used as channels for financial crime. The BOT will maintain confidentiality of all submissions and use personal data solely for the purposes of this consultation. Stakeholders wishing to submit comments or request additional information should contact the BOT's Financial Institution Data Division at DMD-FIDataT@bot.or.th or by telephone at 02 283 5141 or 02 356 7401.