[Thailand plans to strengthen supervision of gold trading and promote digitalization to curb money laundering and fraud] August 31st, Thailand plans to strengthen supervision of the gold trading industry, including online trading and physical gold bar trading, to curb money laundering, fraud and other financial crimes. Vinit Visessuvanapoom, director and spokesperson of the Fiscal Policy Office of the Thai Ministry of Finance, said that the Ministry of Finance is working with the Bank of Thailand to develop relevant legislation to strengthen supervision of the industry and improve transaction transparency. The government plans to promote the transformation of gold trading into a fully digital system, allowing regulators to track the source and destination of funds. The move aims to fill regulatory loopholes and help identify suspicious activity and verify the authenticity of transactions. “The key is to achieve full digitalization and make all information interconnected,” Vinit said. “This will enable the government to monitor the entire market and detect abnormal behavior immediately.” According to Vinit, the Ministry of Finance will take the lead in promoting this work and strive to issue relevant regulations as soon as possible. Currently, some policy recommendations and draft laws are ready.