Thailand Targets USDT In Major Money Laundering Crackdown Thailand’s central bank is stepping up oversight of USDT transactions as part of a broader crackdown on money laundering and illicit finance, per CoinTelegraph. The Bank of Thailand is working with the SEC to monitor high volume stablecoin transfers. Authorities are expanding compliance requirements to detect suspicious cash flows and crypto related financial activity. High value cash transactions will require source of funds declarations under the expanded compliance framework. Officials say the effort is designed to disrupt illicit financial flows rather than impose short term measures.