labels: Withdraw cash
The Bank of Thailand reveals that the 5 million baht withdrawal limit has been effective, resulting in a 30% drop in withdrawals. It will continue to enforce the requirement that deposits and exchanges at small banks must disclose the source of funds.
The Governor of the Bank of Thailand revealed that withdrawals exceeding 5 million baht must now include a declaration of the purpose, causing transaction volumes to plummet by nearly 30%. The government will continue to tighten regulations on "deposits and exchanges of small banknotes," requiring disclosure of the source of funds.Effective April 1, 69, the Bank of Thailand will tighten controls on cash withdrawals exceeding 5 million baht; high-risk withdrawals must be declared for the purpose of withdrawal.
D-Day April 1, 69! The Bank of Thailand announces stricter controls on cash transactions. Withdrawals of 5 million baht per day will immediately be classified as high-risk. Customers must declare the purpose of their withdrawal.The Bank of Thailand explains that the surge in cash withdrawals in September 68 is due to stricter controls on mule accounts, and is monitoring the situation during the 69 election period.
The Bank of Thailand explained that the unusually high level of cash withdrawals in September 68 stemmed from concerns over measures to freeze fraudulent accounts. It affirmed that it is closely monitoring cash flow during the election period and instructed commercial banks to report any suspicious cash withdrawals.
