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Thai police seize a large amount of SIM cards from suspected scam gangs in October 2024 . (Photo: Bangkok Post)

Thailand enacts new law to combat fraud

Financial institutions, telecom operators and social media platform owners that fail to follow anti-scam measures are liable to a fine of up to 500,000 THB (14,900 USD). Any individual who is responsible for the failure is liable to a jail term of up to one year and/or a fine of 100,000 THB.
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