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ARTICLE · 19 AUGUST 2026

Thailand Proposes Expanded KYC And Due Diligence For Cash-Related Transactions

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The Bank of Thailand (BOT) is seeking public comment on proposed amendments that would significantly expand know-your-customer (KYC) and customer due diligence (CDD) requirements for cash-related transactions at financial institutions (FIs) and specialized financial institutions (SFIs).

ThailandFinance and Banking
Athistha (Nop) Chitranukroh
Athistha (Nop) Chitranukroh
Thammapas Chanpanich
Thammapas Chanpanich
Karnravee Jitvilai
Karnravee Jitvilai
Oranat Taechaubol
Oranat Taechaubol
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The Bank of Thailand (BOT) is seeking public comment on proposed amendments that would significantly expand know-your-customer (KYC) and customer due diligence (CDD) requirements for cash-related transactions at financial institutions (FIs) and specialized financial institutions (SFIs). Released on August 5, 2026, the proposed regulation would supersede BOT Notification No. 16/2569, which focused primarily on cash withdrawal transactions. The public comment period is open through September 3, 2026.

The amendments reflect concerns that FIs and SFIs may be used to facilitate the movement, concealment, and conversion of criminal proceeds, potentially damaging institutional operations and public confidence in the financial system.

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