Law
Korn Criticizes SEC Over US Sanctions on Thai Scam Networks
Thai politician Korn Chatikavanij has criticized the Securities and Exchange Commission (SEC) for its slow response to scam networks, following US plans to sanction 28 entities linked to Thailand.
On September 17, 2026, Thai politician Korn Chatikavanij publicly criticized the Thai Securities and Exchange Commission (SEC) regarding its handling of scam networks. According to a report by Thai Post, Korn expressed concern that the United States is preparing to impose sanctions on 28 networks allegedly operating within Thailand, suggesting that the Thai authorities have failed to act decisively.
Korn characterized the situation as a reflection of ineffective regulatory oversight, questioning whether the SEC had previously summoned Worapak for clarification on the matter. He argued that the necessity for the US to intervene indicates a lack of proactive enforcement by local regulators.
For residents and travelers, this development highlights ongoing international scrutiny regarding financial and digital security within the country. While the US move targets specific criminal networks, the broader implication is a potential increase in regulatory pressure on financial entities operating in Thailand.
It remains to be confirmed exactly which 28 entities are included in the US sanctions list and how the Thai SEC will formally respond to these allegations of inaction. As of now, the situation is developing, and stakeholders are awaiting further clarification from both the SEC and international authorities regarding the specific nature of these networks and the timeline for the proposed sanctions.
