MAS and Bank of Thailand sign cyber and fraud MoU

The Monetary Authority of Singapore (MAS) and the Bank of Thailand (BOT) signed a memorandum of understanding on cybersecurity cooperation and digital fraud protection during the 31st Executives’ Meeting of East Asia‑Pacific Central Banks Governors in Singapore, held 22–24 July 2026. The agreement was signed by MAS Managing Director Chia Der Jiun and BOT Governor Vitai Ratanakorn.

The MoU establishes a framework for regulatory coordination to respond to growing cross‑border cyber threats and fraud schemes that can affect banks, payments firms and other financial market participants in both countries.

Under the agreement, MAS and BOT will exchange information on cybersecurity incidents, threat intelligence and relevant regulatory developments. The two authorities also agreed to competency‑building activities such as joint staff training, study visits and exchanges of research and policy work.

Operational preparedness is included in the framework. The central banks plan to run joint cross‑border cybersecurity drills and crisis management exercises to improve coordination during incidents.

In a statement, MAS Managing Director Chia Der Jiun commented: “Cyber risks and digital fraud are key transnational threats confronting our region and calls for closer collaboration to combat these risks. This MoU will facilitate such enhanced partnership and collaboration between MAS and BOT, reflecting our shared commitment to safeguarding trust and resilience in our financial systems.”

Governor Vitai Ratanakorn commented the agreement will help both institutions strengthen detection and response capabilities and support more timely intelligence sharing across borders. He added the MoU is intended to build sustained cooperation between the two organisations.

The agreement does not create binding legal obligations for private firms. Officials added that it formalises existing cooperation, aims to reduce delays in sharing critical information during incidents, and that further details on joint activities and timelines will be announced as the banks operationalise the framework.