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

"Study in Hong Kong" Week spotlights city’s competitive higher education sector

HONG KONG SAR - Media OutReach Newswire - 4 March 2026 - The inaugural "Study in Hong Kong" Week (February 23 to March 1) was successfully launched to promote the city's attractiveness as a destin...

Global Talent Summit Week Returns to Hong Kong March 18–19, Featuring Nobel Laureate, President of Peking University and SenseTime Co-founder

Focusing on talent ecosystem in the AI-era, reinforcing Hong Kong’s position as Asia’s Premier International talent hub HONG KONG SAR - Media OutReach Newswire - 4 March 2026 - The Labour and Welf...

Infinix NOTE 60 Ultra Ushers in New Premium Era

Thanks to powerful partnerships with industry leaders, NOTE 60 Ultra represents Infinix's boldest entry in the flagship tier, debuting in Barcelona during MWC 2026 BARCELONA, SPAIN - Media OutReac...

The Money Awards by Money20/20 Unveil Global Jury Presidents

World Class Leaders Set to Champion Innovation Across Fintech's Most Prestigious Awards BANGKOK, THAILAND - Media OutReach Newswire - 5 March 2026 - Money20/20, the world's leading fintech ...

Southco’s New Heavy-Duty Rotary Latch Simplifies Cab Access While Enhancing Operator Safety

HONG KONG SAR - Media OutReach Newswire - 5 March 2026 - Southco has introduced a new heavy-duty rotary latch solution designed with dual triggers. This latest R4-50 Rotary Latches engineered to s...

Cardumen Capital Strengthens Global Reach Through Its Taipei-Based APAC Partner Following NVIDIA's Acquisition of Its Portfolio Company Illumex

Building on the acquisition of Illumex by NVIDIA, the firm validates its Seed-to-Exit thesis and reinforces its mission to bridge Asian capital with world-class DeepTech. TAIPEI, TAIWAN - Media Ou...

DBS Hong Kong collaborates with Know Your Customer Limited to further improve digital account opening for SMEs

HONG KONG SAR - Media OutReach Newswire - 5 March 2026 - Know Your Customer Limited ("Know Your Customer"), a recognised expert in automated business verification solutions today announced its col...

Stareep S3 Pro AI Mattress Draws Crowds on Opening Day of MIFF 2026

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 5 March 2026 – Stareep, a technology company focused on smart sleep solutions, is exhibiting its S3 Pro AI Intelligent Mattress at the Malaysian...

Prudential Study Finds Financial Wellbeing Tapers with Age Across Asia

Respondents aged 18-35 record the highest score at 59.8 out of 100, falling to 57.7 among those aged 50-60 HONG KONG SAR - Media OutReach Newswire - 5 March 2026 - Financial confidence and prepare...

OPPO and MediaTek Showcase On-Device AI Innovations at MWC 2026

BARCELONA, SPAIN - Media OutReach Newswire - 4 March 2026 - OPPO and MediaTek showcased new on-device AI advancements at MediaTek's "AI for Life" keynote during Mobile World Congress (MWC) 2026...

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...

AI curiosity fuels new wave of employee-led innovation in Australia

Leaders across Australia are asking themselves how they can ensure their employees get the most out of AI. We recently conducted research to help an...

Is your search bar your competitor’s best salesperson?

A few weeks ago, I was watching the Super Bowl. Traditionally, those halftime ad spots are reserved for the world’s biggest, most established bran...

AIIMS Group and AdVisible merge

Two of Australia’s most established independent agencies unite, creating marketing powerhouse backed by three decades of combined experience     ...

Block's layoffs are a design win. Here's why

We spend millions designing features that save users 30 seconds. Block just saved thousands of employees 40 hours a week. That's not a crisis. That's...

Why I Decided to Build a Better Way to Build Homes

Why does building a home still feel like stepping into the unknown? In an industry where costs blow out and decisions come too late, certainty has...