Thailand tightens checks on cash transactions of 5 million baht or more The Bank of Thailand will require banks to conduct enhanced customer checks on cash deposits totaling 5 million baht or more in a single day from November 1, 2026. The rules apply to branch transactions and do not affect electronic banking. Banks must check the source and purpose of funds and may request supporting documents based on customer risk. The expanded rules also cover cheque and draft deposits, banknote exchanges, cash-funded cheques and drafts, foreign exchange transactions, and payments for insurance premiums, investment products and financial derivatives. Banks must report unusual transactions or activity inconsistent with a customer’s normal behavior to the central bank. The measures aim to curb illicit money flows, while requiring banks to assist affected customers promptly and fairly. #Thailand

Phuket warns of flood risk as tide set to reach 3.2 metres Phuket City Municipality warned of flash flooding on October 26, with the tide forecast to peak at 3.2 metres at 10:39 p.m. Officials are monitoring Bang Yai Canal around the clock, with pumps ready if heavy rain hits. Residents near waterways, foothills and low-lying areas should watch for flash floods and runoff. Residents in Talat Nuea and Talat Yai can request sandbags or report emergencies by calling 1132, 076-211111 or 199. #Thailand #Phuket