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Keyword: thailandbanking

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  • Thailand Freezes Over 3 Million Bank Accounts

    09/23/2025 8:19:12 AM PDT · by delta7 · 36 replies
    Armstrong Economics ^ | 22 Sep 25 | Martin Armstrong
    Thailand has become a case study for the use of biometric data in every facet of life. Every banking transaction is monitored and scrutinized. Any perceived discrepancy is flagged as fraud and punished without due process. Regulations have overwhelmed the system, resulting in a full-fledged banking crisis. Over three million Thai bank accounts were frozen instantaneously without warning as a result of government overreach. Transaction denied. You contact your bank to see why the payment failed only to learn that your account has been frozen–all of your accounts, for that matter. The bank is investigating you for suspicious activity and...