The Bank of Thailand and 11 financial sector associations signed a framework to combat illicit financial activities, requiring participating institutions to establish clear governance, policies, and preventive measures. The BoT will strengthen supervisory standards including customer due diligence and data analytics. Early enforcement shows results: cash withdrawal transactions over 5 million baht dropped 60% to 40 billion baht, and digital gold trading fell 40%, indicating reduced grey money flows and improved financial system integrity.