Bangkok: The Anti-Money Laundering Office (AMLO) has taken decisive action against an international scam network, seizing assets worth over 10 billion baht from individuals identified as Chen Zhi, Kok An, and Ben Smith. The AMLO Transaction Committee, during its 13th/2025 meeting, resolved to seize and freeze assets linked to transnational technology crime networks, amounting to 289 items across four major cases, with a total value exceeding 10.165 billion baht.
According to Thai News Agency, the first case involves the Chen Zhi Network, an operation that engaged in online fraud, human trafficking, and money laundering using cryptocurrencies. This network was operating in Cambodia and had connections to the Prince Holding Group. The fraudulent activities employed a “hybrid scam” system to deceive victims in multiple steps, leading to the seizure of 102 assets valued at 373 million baht.
In the second case, the Kok An Network was discovered to be conducting scams from multiple buildings in Cambodia. This network utilized the “Face Scanning” technique to facilitate transactions and channeled the fraudulent funds into purchasing land and property in Thailand, using close associates as title deed holders. As a result, 90 assets worth 467 million baht have been seized and frozen.
The third case, involving the Thai Melon Network based in Ban Mahing, revealed an alleged involvement in money laundering through a victim’s account. A money trail linked Leak Yim and Mr. Ben Smith through various domestic and international companies, which were fraudulently operating as businesses with front companies to obscure their assets. Authorities seized 66 items, totaling a significant 9.279 billion baht.
The fourth case involved the ULELA Max Network, where Mr. Ua-Angkur Santirakyothin and his associates enticed investors to invest in stock trading via Line and the ULELA Max app. The funds were then converted into USDT and forwarded to a digital wallet associated with a Cambodian network. In this case, 31 assets worth 46 million baht were seized.
In total, the AMLO’s efforts have successfully disrupted an international scam operation, with assets exceeding 10.1 billion baht now set to undergo legal proceedings.