Business Daily Media

Men's Weekly

.

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

2026 Wealth for Good in HK Summit concludes, showcasing city's appeal as global family-office hub

HONG KONG SAR - Media OutReach Newswire - 24 March 2026 - The fourth edition of the Wealth for Good in Hong Kong (WGHK) Summit concluded today (March 24) under the theme "Building Lasting Legacies...

PT Danantara Investment Management opens DPT registration for PSEL partners

JAKARTA, INDONESIA - Media OutReach Newswire - 19 March 2026 - In its efforts to accelerate the energy transition while addressing the growing challenge of urban waste, the government has tapped P...

Comprehensive Support for International Students to Bolster Hong Kong’s Talent Attraction and Retention

ManpowerGroup Greater China and Beacon Group Partner with FGA Trust and Payment Asia to Launch "Talent in HK" Program HONG KONG SAR - Media OutReach Newswire - 25 March 2026 - ManpowerGroup Greate...

Understanding SkillsFuture Funding and the Real Cost of Upskilling

SINGAPORE - Media OutReach Newswire - 25 March 2026 - Continuous learning plays an important role in helping working professionals remain relevant in a rapidly evolving economy. However, the perce...

Save the Children Hong Kong’s "Heart to Heart Parent-Child Programme" Helps Parents Build Warmth and Boundaries for Children

From Authority to Companion: The Positive Parenting Journey of First-time Parents HONG KONG SAR - Media OutReach Newswire - 25 March 2026 - For many families in Hong Kong, parenting can feel li...

DITP Hosts Thai Night Hong Kong 2026 to Strengthen Thailand’s Entertainment Industry Networks with Global Partners

HONG KONG SAR - Media OutReach Newswire - 25 March 2026 - The Department of International Trade Promotion (DITP), Ministry of Commerce, successfully hosted "Thai Night Hong Kong 2026" on 18 March ...

NBA and The Coca-Cola Company Announce Multiyear Global Partnership

Sprite Returns as League’s Official Global Soft Drink NEW YORK, US - Media OutReach Newswire - 18 March 2026 - The National Basketball Association (NBA) and The Coca-Cola Company today announced a...

Approaching.ai Brings in Top Scientists to Capture AI’s Inference Boom

BEIJING, CHINA - Media OutReach Newswire - 25 March 2026 - Approaching.ai has announced the appointment of two leading figures in computer science to accelerate its growth in high-efficiency AI in...

Strong Growth Prospects For European in Singapore's Food Evolution

European Beef continues to grow in popularity in Singapore and is becoming one of the most sought-after products among consumers in the Asian country SINGAPORE - Media OutReach Newswire - 25 March...

Tintri and Integration Plumbers Announce Groundbreaking Open-Source Integration to Unify Storage and IT Observability

Delivering unprecedented full-stack visibility, the new OpenTelemetry-based solution eliminates storage silos, accelerates troubleshooting, and empowers IT teams with a seamless, vendor-agnostic mo...

How to Apply for More Jobs in Less Time Using AI Automation

Most job seekers spend 11 to 14 hours per week on applications and still hear nothing back. That's not a motivation problem. That's a process proble...

Why Middle Australia Is Quietly Driving the Shift Away From Car Ownership

The narrative around changing attitudes to car ownership has long focused on Gen Z. Younger Australians are often portrayed as the generation movi...

Launchd Acquires WeAreTENZING as ANZ Creator Economy Spend Nears $1 Billion

Launchd, Australia's leading talent-first creator economy group, has acquired WeAreTENZING, one of New Zealand's most respected talent agencies, b...

Time to punch above our weight and stop shadowboxing on AI

Australia prides itself on being an innovation economy. We celebrate startups, talk about productivity, and lean into our reputation for punching ...

Colter Bay Capital Launches as Australia’s Newest Institutional Private Credit Fund

Led by seasoned capital markets veteran Mark Wang, the fund is purpose-built to serve Australia’s most productive yet chronically underserved busi...

Global Thryv voices bring a sharper lens to International Women’s Day

Thryv® (NASDAQ: THRY), ANZ’s leading AI-enabled small business marketing software platform provider, marks International Women’s Day (IWD) with a bu...