The AMLO, SET, and SEC signed a memorandum to combat illegal securities trading, enhance collaboration, improve regulations, and restore investor confidence through effective enforcement against financial misconduct.
New Initiative Against Illicit Securities Activities
The Anti-Money Laundering Office (AMLO), the Stock Exchange of Thailand (SET), and the Securities and Exchange Commission (SEC) have signed a memorandum of understanding to combat illegal trading in the securities markets. This collaboration aims to streamline efforts to prevent and address violations in securities trading, advocating for swift and rigorous legal actions against offenders.
Enhancing Market Integrity
Kittipong Urapeepatanapong, President of the SET, stressed the importance of reducing redundancy among law enforcement agencies to effectively tackle economic crimes that harm investors and the national economy. Wisit Wisitsora-at, President of the SEC, emphasized that restoring investor confidence hinges on good governance and efficient regulatory mechanisms.
Robust Measures by the Stock Exchange of Thailand
The SET has implemented advanced technology for monitoring trading patterns and ensuring compliance with regulations. Measures include automatic trading halts and enhanced surveillance to promote market integrity. Ongoing public consultations seek to refine these regulations, aiming to prevent illegal trading practices and enhance transparency for investors.
Source : SET, SEC and AMLO sign MoU to fight Illegal securities trading
