📉 Thailand Cracks Down on Gold Trading & Grey Money Flows
Thailand plans to cap speculative gold trading and enhance financial data collection to curb grey capital and money laundering, after a record-breaking gold rally fueled abnormal baht strength and large US dollar transactions.
Key Facts:
Daily online gold trading for individuals may be limited to 100–200 million baht, with physical transactions above $200,000 requiring full documentation.
Caps on foreign currency exchange for individuals set at 800,000 baht/day to ease baht pressure.
Total gold trading surged to ≈10 trillion baht ($318B) in 2025, doubling from 2024; Thailand imported 180 tons of gold and exported 110 tons.
Authorities created a Data Bureau to link financial data across banks, gold traders, and digital assets in real time, improving monitoring and crime prevention.
Concerns over money laundering and grey capital include abnormal gold exports to Cambodia, linked to scams, online gambling, and transnational crime networks.
Expert Insight:
The Thai government’s multi-pronged strategy — trading caps, better data coordination, and stricter AML rules — aims to dampen speculative gold activity, stabilize the baht, and reduce illicit financial flows. It also sets a precedent for digital asset oversight and cross-border gold monitoring.
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