Thailand Is Hunting Down ‘Gray Money’ Behind Baht’s Odd Strength

The Thai government will set up a special team to track suspicious fund movements linked to online gambling, scam accounts, and other “gray money” transactions.

The so-called “data bureau” will synchronize data across government and financial institutions to detect unusual transfers and trace the ultimate beneficiaries of suspicious funds, Finance Minister Ekniti Nitithanprapas told reporters Wednesday after meeting with relevant agencies to tighten oversight.