(Feb 12): Thailand plans to seize US$420 million (RM1.6 billion) in assets linked to alleged cyber scam operators as authorities intensify a crackdown on a global online fraud network. The assets, including luxury condominiums, yachts and cars, were frozen by the Anti-Money Laundering Office in December after preliminary investigations found wrongdoing. The agency has now asked the public prosecutor to seek court approval to have them declared state assets, it said in a statement late Wednesday. A review of requests to revoke the temporary freeze found insufficient evidence to show the assets were unrelated to criminal activity, AMLO said. His government has “signed a blank check” to support efforts to dismantle scam operations, human-trafficking networks and drug rings, he said in November.

Source: The Edge Markets February 12, 2026 11:11 UTC