DSI and SEC increase efficiency of actions against economic crime

DSI and SEC increase efficiency of actions against economic crime

       On Tuesday, November 9, 2021, 11:00 a.m. at the DSI, the Secretary-General of the Securities and Exchange Commission, Thailand Ms. Ruenvadee Suwanmongkol, leading​ her deputy Mr. Sakkarin Ruamrangsri, her assistance Mr. Anek Yooyuen, the Director of Enforcement Department 1 Ms. Wilailak Chenanaporn, the Director of Enforcement Department 2 Mrs. Pattanaporn Tripipat and the Director of Litigation Department Mr. Sumet Wichienchai, met with the Director-General of DSI Mr. Triyarith Temahivong to congratulate him for assuming charge as the Director-General and discuss the guideline of collaboration between two agencies, attended by DSI Deputy Director-General Pol.Maj. Yuthana Praedum, the Director of Financial and Banking and Money Laundering Crime Bureau Mr. Thawewat Surasit, the Director of Special Case Management Bureau Pol.Capt. Piya Raksakul, and his deputy Pol.Capt. Sukawat Thappang, the Head of the Center for Investigation and Control of Exchanges and Digital Assets Business Mr. Teerasak Mataderm, and the Head of Information Center Mr. Panlop Kerdthep. The meeting discussed the integration of proactive working for economic crime control, exchange of information and knowledge about trends in capital market crime.

       In the past, on July 15, 2019, the DSI and the SEC signed the Memorandum of Agreement (MOA) on the Prevention and Suppression of Offences Relating to Special Cases with their continuity of collaboration to tackle cases of securities, stock markets, sale and purchase contracts, and digital asset businesses that affect overall economic system of the country, including cases of public cheating and fraud, and transnational crime. For the improvement of working efficiency according to the MOA, the meeting was held to discuss the following issues:

       1) The integration of the guideline for jointly working under the Memorandum of Agreement (MOA) between the Department of Special Investigation and the Securities and Exchange Commission, Thailand, on working for preventing and suppressing, enforcing laws in capital market crime relating to economic crime with impacts to the society and the public.

       2) Consideration of adding the Emergency Decree on Digital Asset Businesses, B.E.2561 (2018) and the Derivatives Act, B.E.2546 (2003) to the Annex Attached to the Board of Special Case’s Notification issued under Section 21 paragraph one (1) of the Special Case Investigation, Act B.E.2547 (2004).

       3) Cooperation for knowledge and expertise enhancement of their personnel, where the DSI will assign its academy, known as DSI academy, as the agency assisting in designing courses curriculums, recruiting lecturers and as the location of the training.

       4) Increasing efficiency of proactive working for prevention and surveillance, which the DSI requested the integration of exchange of information technology with the SEC in terms of AI-Enforcement, Corporate Surveillance and E-Link, and the way to link such information will be discussed later.

       5) The SEC has its policy to employ information technology for monitoring and preventing crime relating to capital markets. It is in the process of consideration of the guideline for appointing special case inquiry officials to be competent authorities pursuant to the Securities and Exchange Act, B.E.2535 (1992) for the integration of proactive working and preventing future crime possibilities.

Dated November 10, 2021