Business Daily Media

Business Marketing

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

"Hong Kong Engineers Week 2024" concluded in success

Diverse and vibrant activities showcased the value of engineering profession Nurturing the young generation to inherit the responsibility of urban development HONG KONG SAR - Media OutReach News...

DHL Express unveils its HK$1.5 billion fully automated, eco-friendly-service center in Hong Kong

The service center sees over 90 percent increase in facility space and is equipped with a fully automated sorting system to support the growing demands of air trade and international expres...

Kerry eCommerce, Menzies Aviation and Menzies Macau Airport Services Limited Sign MOU on Global Customs Clearance

HONG KONG SAR - Media OutReach Newswire - 9 April 2024 - Kerry Logistics Network Limited ('Kerry Logistics Network', 'KLN'; Stock Code 0636.HK), through its subsidiary Kerry eCommerce Limited ('Ke...

AS Watson Appoints Malina Ngai as Group CEO

HONG KONG SAR - Media OutReach Newswire - 9 April 2024 - AS Watson is pleased to announce the promotion of Malina Ngai to Group CEO, effective from 1st May 2024...

Anastasia Nyrkovskaya Named Chief Executive Officer of Fortune Media

First female CEO of the storied 95-year-old business media brand Led transformation of Fortune into profitable, digital-first, and global multi-platform media company Fortune deploying regional c...

The Bank of Thailand reaffirms its adherence to integrity and principles to build confidence - good governance in Thailand

BANGKOK, THAILAND - Media OutReach Newswire - 10 April 2024 - In a detailed discussion with the Integrity Team of the Office of the National Anti-Corruption Commission (NACC), Thailand in recent d...

EdCity Supports Hong Kong Reading for All Day with the Introduction of Free eBook Week to Promote Reading

HONG KONG SAR - Media OutReach Newswire - 10 April 2024 - Opening a book can unleash infinite possibilities. Hong Kong Education City (EdCity) is committed to promoting a reading culture, immersin...

Hong Kong developer LOFTER Group achieved remarkable sales results after the government axed all property cooling measures

HONG KONG SAR - Media OutReach Newswire - 10 April 2024 - LOFTER Group (the Developer) has achieved remarkable sales results in its latest real estate development, Elize PARK. The Developer has wi...

Citibank Introduces Market-First "Emergency e-Banking Service Lock"

Fortifying Account Security with Option to Disable Access to Transaction Services Via Citi Mobile® App HONG KONG SAR - Media OutReach Newswire - 10 April 2024 - Citibank announced today the immine...

The First Thai Super Star Solo Concert "BILLKIN TEMPO TOUR 2024" Held Successfully in Galaxy Arena

Macau's newest and largest indoor arena becoming the hottest spot for international superstars, attracting music buffs from Thailand and across the globe with impressive lineup of performances MACA...

Popular

Icon Agency hires new Creative Director as agency continues rapid growth

Andrew North joins the Icon Agency team, bringing three decades of senior creative experience to further bolster the agency’s integrated offering. Icon Agency welcomes Andrew North - more commonly known as Northy - as Creativ...

3 key fraud-prone areas merchants need to be aware of in the lead up to the holiday season

By this time, Aussie merchants’ holiday season sales strategy should be well underway. Ecommerce is expected to reach another record-breaking holiday season this year, following 18 months of acceleration in online shopping. Wi...

How to Push (Notification) For Conversion

Gone are the days when people used to depend on traditional ways of marketing for an increase in reach, reputation, and revenue. Nowadays increasing   use of digital technology combined with good timing can increase conversions...

Virtual Office
Tomorrow Business Growth