The parliamentary Anti-Money Laundering Committee discussed with eight agencies the issue of securities firms connected to money laundering. They acknowledged that personnel negligence within these firms was real and criticized the Securities and Exchange Commission (SEC) for creating loopholes that facilitate illegal activities. The committee recommended strict measures to close these gaps and prevent wrongdoing.
At 2:00 p.m. on 11 June 2026 at the parliament, Mr. Pitakdech Deddecho, Member of Parliament for Nakhon Si Thammarat and chairman of the parliamentary Committee on Anti-Money Laundering and Narcotics Suppression, revealed after a committee meeting that reviewed measures to prevent the use of securities trading platforms by brokerage firms as channels for opening mule accounts and laundering money. The meeting invited representatives from eight agencies: the Department of Special Investigation (DSI), the Central Investigation Bureau, the Anti-Money Laundering Office (AMLO), the Securities and Exchange Commission of Thailand (SEC), the Thai Securities Companies Association, and Vibull Securities (Thailand) Co., which had been the subject of complaints. In March 2026, the Central Investigation Bureau arrested suspects involved in mule accounts and money laundering through one securities company's platform. The committee invited these agencies to provide facts to prevent money laundering by scammer networks, focusing on linking to the real masterminds.
It was found that damages amounted to 59 million baht, affecting 393 victims. Representatives of the securities firm admitted that the problem stemmed from negligence by company personnel. Several committee members questioned their responsibility for the damages and compensation for victims. The company representatives refused to take any action, while the SEC, as the regulatory body overseeing companies in the stock market, had no punitive measures in place.
"The committee has sent a letter to the SEC, which has the duty to oversee and bear responsibility for the damages, requesting a written response on how it will proceed with the company involved. We have also sent a letter to the Pathum Thani City Police Station asking for clarification on how they have prosecuted those involved in the company. The committee will summon representatives of the securities firm again to explain the issues, as this case has caused harm to the public, especially since the SEC has not taken proactive measures to prevent investor losses. The committee urges the SEC, the Securities Companies Association, and the Stock Exchange of Thailand to enforce strict operational and policy oversight to close loopholes and prevent harm. There must be ways to plug capital market loopholes so that individuals or brokers cannot misuse platforms for illegal purposes such as mule accounts or money laundering to deceive investors," Mr. Pitakdech said.