The Bank of Thailand wants banks to ask where ฿5m in cash came from, not just where it is going
Since 1 April, a cash withdrawal of ฿5m or more at a Thai bank branch has needed a stated purpose. A draft rule out for consultation until 3 September would extend the same test to cash deposits, banknote exchange and foreign notes from 15 October. What that changes for anyone paying or being paid in cash on a Phuket deal.