Regarding Bank Accounts (as well as other non-DTV) items TikTok has just posted this. I am posting this in DTV about the new banking regulatory requirements only.
They are very well connected and have been around a long time.
1,197
views
9
likes
47
all likes
29
replies
0
images
9
users
TLDR : Answer Summary
Recent updates indicate that banks in Thailand may enforce stricter regulations, potentially closing accounts held by individuals not on long-term residency visas. Discussions highlight a clampdown related to scam activities, prompting significant changes in banking policies. Concerns have been raised regarding the ability for expats to maintain bank accounts and the implications of new emergency decrees placing responsibility on banks to prevent scams.
TiTok is a Visa service and they also facilitated opening of Bamk accounts. As I said in the post I only posted this about the bank accounts for this group - nothing else. It seems there are new restrictions on opening of bank accounts and where previously an agent could help opening of a bank account on visas not usually allowed ie Tourist or DTV it seems they can not now - at least temporarily but may be permanently. In short it is going to be more difficult to open a local bank account on a DTV is the relevance for this group
I think that is definitely the number 1 priority at the moment. CRS and commercial viability of accounts is another. Look at who the government has been in talks with over scamming. Whose nationals are the main targets of the scams. How is the money laundered to clean it in Thailand for remittance back?
Reply to
Greg ********
Reply
Andi ***********
You have gone from the bearer of good news to bearer of bad news
Will be interesting to see how it works out. They might start asking for TIN. A pal just had to update his Singapore accounts with Thai TIN. I have seen others asked for a TIN in UK. It doesn't have to be a Thai TIN of course but more and more due to CRS banks want to see a TIN from foreigners with bank accounts in their country.