Financial Crime World

Banks in Thailand Join Forces to Fight Financial Fraud

A Growing Threat: Financial Crime in Thailand

In recent months, the threat of financial crime has escalated in Thailand. With 529 reported cases of organized telephone fraud in March alone, resulting in damages exceeding 65 million baht, it’s clear that the issue is becoming increasingly serious.

Statistics Highlighting the Problem

  • In March, there were 529 reported cases of organized telephone fraud orchestrated by “call center gangs,” causing damages totaling 65 million baht.
  • The Bank of Thailand has warned of an anticipated surge in losses from money-sucking apps, projected to reach 1.152 billion baht over the past seven months.

Siam Commercial Bank’s Initiative: Empowering Thai Citizens

In response to these growing threats, Siam Commercial Bank has launched a comprehensive initiative aimed at protecting Thai citizens from financial fraud. The “Fraud Fighter” website and “Nong Eh! The Series” are designed to empower individuals with the knowledge and tools needed to prevent falling victim to scams.

Key Components of the Initiative

  • Fraud Fighter Website: A dedicated website serving as a comprehensive resource for modern fraud prevention, covering content spanning the entire business sector.
  • Scam Updates: Stay informed about the latest scam trends and techniques used by financial criminals.
  • Prevention Strategies: Learn how to protect yourself from financial scams and take proactive steps to prevent falling victim.
  • Guidance for Victims: Get help if you’ve already fallen prey to a scam, with resources and support to aid in recovery.

Raising Awareness through “Nong Eh! The Series”

In addition to the “Fraud Fighter” website, Siam Commercial Bank is set to launch “Nong Eh! The Series,” a series of videos featuring real-life cases from the Royal Thai Police, the Bank of Thailand, and social media. This initiative aims to raise awareness among the Thai population about the risks posed by financial crime.

Commitment to Security and Customer Protection

Siam Commercial Bank’s commitment to security and customer protection is evident in its continuous enhancement of safety protocols and collaboration with relevant agencies to formulate effective guidelines for preventing and managing financial disasters.

Protect Yourself from Financial Scams

For more information on how to protect yourself from financial scams, visit the “Fraud Fighter” website at https://link.scb/49pv2cw or follow updates on Siam Commercial Bank’s and The Standard’s social media channels across all platforms.