Business Daily Media

The Times


.

The National Anti-Corruption Commission Thailand Alerts Investors to Risks of Gratuity Offerings as Potential Bribery

BANGKOK, THAILAND - Media OutReach Newswire - 26 February 2024 - The National Anti-Corruption Commission (NACC) has issued a formal advisory to both local and international investors regarding the practice of offering gratuities to government officials, which may constitute bribery and is subject to legal penalties under the latest anti-corruption regulations.



The NACC's Secretary-General, Mr. Niwatchai Kasemmongkol, emphasized that the regulatory framework established in 2020 includes criminal penalties for such offenses. According to Section 128 of the regulation, any public official accepting a bribe could face up to three years of imprisonment, a fine not exceeding 60,000 baht or both.

In efforts to uphold ethical conduct, the NACC has notified all parties of the Code of Ethics which governs the reception of gifts or benefits by government officials. The code aims to prevent the masking of bribes as gratuities, a practice that is identified as a seedbed for bribery and corruption, posing significant hurdles to national development and contravening legal standards.

This warning aligns with the stance of Transparency International (TI), which categorizes bribery as a form of corruption that must be eradicated. TI describes gratuities as promises of money or other advantages to officials or organizations as a quid pro quo for favorable treatment.

Mr. Niwatchai acknowledged that the challenge of gratuities is not unique to Thailand but is also prevalent in other developing nations where such practices have traditionally been used to repay favors or cultivate relationships, potentially leading to corruption within the government sector.

However, the NACC clarifies that certain exceptions exist where the receipt of gifts or benefits by officials is permissible, provided it adheres to the ethical criteria and limits set by the NACC. These exceptions include salaries, allowances, dividends, and customary gifts of nominal value given on special occasions.

In instances where assets valued over 3,000 baht are received under compelling circumstances, officials are mandated to report to the highest executive authority within their agency for approval within 30 days.

The NACC further explained that bribing behaviors encapsulate a range of actions from offering money for favorable services, facilitating school admissions, and avoiding legal prosecution, to illicit financial interactions with contractors.

The Commission emphasizes that these guidelines are part of a broader strategy to combat corruption. Effective law enforcement must be complemented by a cultural shift towards increased awareness and behavior change, distinguishing personal from public interest, and ultimately fostering a culture of integrity within Thai society.

For reporting any corrupt activities by government officials, the NACC encourages whistleblowers to contact the NACC Office at Tel. 1205 or visit their website at www.nacc.go.th.

Hashtag: #IntegrityWay #AntiCorruption #ZeroCorruption #NACC #NACF


The issuer is solely responsible for the content of this announcement.

National Anti-Corruption Commission (NACC)

The National Anti-Corruption Commission (NACC) is a constitutional independent organization supervised by nine commissioners selected from various professions. It is authorized to undertake work on the prevention and suppression of malfeasance, particularly in government agencies, on assets investigations, as well as on the monitoring of ethics and virtues of political position holders.

It has the authority to file charges in court as well as support and build up awareness of the penalties for committing corruption. The NACC is supervised by the NACC Board and has the Office of the NACC as its administrative agency.

Since 1997, Thai Courts have ruled against and punished politicians, former ministers, high-ranking government officials as well as executives of the private sector in the thousands of cases submitted by the NACC.

News from Asia

CyCraft Named a Sample Provider in the Gartner® Latest AI Reasoning Models Report—The Only Taiwan-Based Cybersecurity Provider Listed

TAIPEI, TAIWAN - Media OutReach Newswire - 16 July 2026 - CyCraft (Stock Code: 7823) has been recognized by the global business and technology insights organization Gartner in its latest report, ...

Launch ceremony of third edition of Hong Kong Fashion Fest Held on July 9

HONG KONG SAR - Media OutReach Newswire - 16 July 2026 - Presented by the Government of the Hong Kong Special Administrative Region, spearheaded and sponsored by the Cultural and Creative Industri...

TrendAI™ Named a Champion for the Fourth Consecutive Year in Omdia’s Global Cybersecurity Platform Ecosystems Leadership Matrix 2026

Recognition highlights the TrendAI™ partner-first platform model, ecosystem expansion, and AI-driven tools supporting partner-led growthHONG KONG SAR - Media OutReach Newswire - 16 July 2026 - Tr...

Vinhomes' Comprehensive Execution and Long-Term Operation Drive Interest from Global Institutional Investors

HANOI, VIETNAM - Media OutReach Newswire - 16 July 2026 - Through the successful development and operation of an internationally recognized integrated urban ecosystem on a significant nationwide s...

Trends Report 2026: AI, subscriptions and digital payments reshape Asia Pacific e-commerce

New DHL eCommerce survey reveals gap between AI usage and trust, rising demand for subscription models, as well as openness towards more digital payment optionsHANOI, VIETNAM - Media OutReach News...

True Chiropractic Frames Longevity Within Preventive Healthcare Strategy

SINGAPORE - Media OutReach Newswire - 16 July 2026 - As interest in preventive healthcare and longevity continues to grow, chiropractic care is increasingly discussed as part of maintaining mobil...

Hang Lung Launches the Third Phase of "66 and beyond" Anniversary Celebration

Portfolios Across the Chinese Mainland Launch the “66 Let Loose” Summer Carnival to Energize Local CommunitiesHONG KONG SAR & SHANGHAI, CHINA - Media OutReach Newswire - 16 July 2026 - Hang Lu...

Schlumberger Foundation Honors Nine Women Scientists and Engineers with the 2026 Faculty for the Future Impact Prize

The Faculty for the Future Impact Prize recognizes proven initiatives and accelerates their next stage of development KAMPALA, UGANDA - EQS Newswire - 16 July 2026 - The Schlumberger Foundat...

Johnson Electric reports Business and Unaudited Financial Information for the First Quarter of Financial Year 26/27

HONG KONG SAR - Media OutReach Newswire - 16 July 2026 - This news release is made by Johnson Electric Holdings Limited ("Johnson Electric" or the "Company" and together with its subsidiaries, the...

Rhenus to Further Strengthen Warehousing Solutions in the Philippines

Rhenus Philippines aims to develop modern warehouse infrastructure and improve in-country operational efficiency, elevating the quality of warehousing services through enhanced processes, t...

Selling a Small Business in Australia: Understanding the Capital Gains Tax Concessions

For many Australian business owners, selling a business represents the reward for years—sometimes decades—of hard work. Unlike employees who may bu...

Australian businesses lean into global strategic partnerships (GCCs) for next wave of outsourcing

The Australian corporate landscape is undergoing a fundamental transformation in how it sources talent and innovation. While businesses have traditi...

The New Pressure Gap Crushing Small Businesses

Starting any business and making it prosper is a major undertaking. Part of the challenge is managing the uncertainty, but the financial pressures o...

Click Frenzy returns with a free EOFY sale event for retailers this month

New owners Gabby and Hezi Leibovich bring back Australia’s leading ecommerce sales event with Australia Post as Major Sponsor   Click Frenzy is ...

The 95 Per Cent Failure Rate Is Not An AI Problem

Most Australian SMEs I speak with are already having a go at AI. Some are running formal pilots, others have a team member quietly experimenting o...

New AR tech helping to solve field service skills crisis

AI-enabled augmented reality (AR) smart glasses are emerging as a new practical solution to fill a shortage of field service technicians maintaini...