Bangkok: There is good news for victims of online fraud cases after the Royal Decree on Measures to Prevent and Suppress Technology Crimes No. 2 or Cyber Decree 2 came into effect on April 13, allowing relevant agencies to return money stuck in the pipeline or victims' money that is stuck in mule accounts, totaling more than 2 billion baht, to the victims more quickly.
According to Thai News Agency, the decree aims to expedite the process of returning funds to individuals who have fallen prey to online scams. The measure is part of a broader effort to combat technology-related crimes and improve the recovery of funds lost to fraudulent activities. The enforcement of this decree signifies a significant step in addressing the financial impact on victims, providing a more efficient mechanism for the restitution of stolen funds.
The decree empowers authorities to collaborate with financial institutions and other relevant entities to trace and recover funds trapped in mule accounts. These accounts are often used by fraudsters to temporarily hold or transfer illicit funds, complicating efforts to retrieve the money. The streamlined process introduced by the decree is expected to enhance the effectiveness of these recovery efforts.
Victims of online fraud are encouraged to report incidents to the authorities promptly to facilitate the recovery process. The decree underscores the commitment of the government to support victims and deter future occurrences of technology-related crimes by ensuring that the financial repercussions of such crimes are addressed swiftly.