Thailand's Anti-Money Laundering Office (AMLO) began accepting claims from victims of the OneCoin cryptocurrency scheme and its co-founder Sebastian Greenwood on February 23rd. The deadline for victims to file their claims is March 23rd, 2024. This action follows the recent seizure of assets linked to Greenwood by Thai authorities.

AMLO issued a press release outlining the claims process, making two key documents available to victims. These include a "request for protection of rights" form and an official announcement from the Thai government. The announcement confirmed that these claims directly relate to the seized assets associated with Greenwood.

Under Thailand's anti-money laundering statutes, completing the "request for protection of rights" form is the only valid method for victims to seek restitution. The AMLO statement specifies that pursuing property return or compensation through any other legal channel will be ineffective. Victims are instructed to submit the claim with detailed evidence of their financial losses incurred from OneCoin investments.

The request form requires personal information and specific figures for financial damages. Notably, the form lacks a "country" section, and non-Thai citizens must provide an Alien Identification Card number. This suggests the process primarily targets victims residing within Thailand or those with established residency.

Victims are explicitly warned against claiming "expected profits or rewards" from the OneCoin scheme. Only actual financial losses, defined as the net sum of money invested minus any withdrawals or commissions received, will be considered. Individuals who withdrew more funds from OneCoin than they initially invested are not recognized as victims under these guidelines.

Sebastian Greenwood, a Swedish national, was a key figure in the OneCoin operation, working alongside Ruja Ignatova to promote the fraudulent cryptocurrency globally. He pleaded guilty to wire fraud and money laundering charges in the United States in December 2022 and was sentenced to 20 years in prison in September 2023. His sentencing included an order to forfeit $300 million.

OneCoin, launched in 2014, operated as a massive global pyramid scheme, falsely marketed as a digital currency. It defrauded millions of investors worldwide out of billions of dollars. The scheme never developed a functional blockchain, and its value was entirely fabricated.

Victims considering filing a claim are strongly advised to consult with a qualified Thai lawyer. Thai law and its specific procedural requirements can be complex for those unfamiliar with the jurisdiction. Legal counsel can help ensure proper documentation and timely submission before the March 23rd deadline.