Google AI
The Times Australia

Times Media

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.

Read more: The National Anti-Corruption Commission Thailand Alerts Investors to Risks of Gratuity Offerings as...

More Articles …

  1. Exness celebrates global recognition as a Best Place to Work in 2024
  2. Lifeline Cleaning Empowers Lighthouse School Through Free Disinfection Services
  3. Unveiling the Charm of Seoul: Sneak Peek into Travelodge Myeongdong Namsan
  4. Advancing Healthcare Access: ScreenHer initiative in Pakistan close to reaching milestone of 20,000 diabetes screenings in 70 clinics
  5. VinFast officially breaks ground on its integrated electric vehicle facility in India
  6. VinBrain welcomes new board and advisory board members, Dr. Gregory Moore, and Jonathan T. Fried
  7. Hong Kong International Airport Popular Souvenir Recommendations; Share the Taste of Hong Kong with Family and Friends
  8. Catch the Lowest Prices Online at 3.3 Mega Shopping Sale: Shopee’s First Mega Sale of 2024
  9. Etiqa Insurance Singapore returns as the Official NATAS Sponsor and Travel Partner for 2024
  10. HKU Engineering researchers achieve breakthrough in quantum sensing that leads to new opportunities of applications in monitoring dynamic processes in biological systems
  11. Siam Piwat Partners with Hyundai Department Store to Forge Global Retail Collaboration Phenomenon, Reaffirming Crowning Achievement in the Limitless Expansion of Global Ecosystem
  12. Arlo Unveils New Essential Cameras and Doorbell to Provide Affordable Smart Home Security That Protects Your Everything
  13. 7-Eleven’s New ‘K-Flavour Hits’: Embark on a Tasty Journey of Korean-Inspired Ready-to-Eat Delights!
  14. Pacific Century Premium Developments Limited announces annual results for the financial year ended December 31, 2023
  15. Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
  16. VinFast to break ground for its integrated electric vehicle facility in Tamil Nadu, India
  17. N-Soft Empowers Digital Sovereignty Using Economic Intelligence in New Partnership
  18. First Phosphate Project Receives Letter of Support from Mario Simard, Canadian Parliamentary Deputy for the Riding of Jonquière, Québec
  19. Lee Kum Kee Joins the Celebration at Wellington’s Lunar New Year Festival
  20. CloudMile's Grand Opening of the Centre of Excellence (CoE) in Malaysia
  21. IAQG Publishes First IA Standard Through Global Publishing Partner SAE International
  22. SonicWall Threat Data Exposes Depths of Cyberattacks; Propels the Need for Managed Service Providers (MSPs)
  23. APAC Nations Shine in Kearney’s 2023 Global Retail Development Index, Revealing Strategic Opportunities in Emerging Markets
  24. Anya Hindmarch’s Chubby Hearts Capture the Smile and Love of Hong Kong
  25. Rakuten Kobo expands digital reading offering in Hong Kong and Taiwan with Kobo Plus, join all-you-can-read and listen subscription with HK$49 monthly
  26. Miyazaki City hit a homerun to the world, Welcoming International Visitors with Open Arms
  27. A Blooming Spectacle: The 20th Taiwan International Orchid Show and the 23rd World Orchid Conference will be held in Tainan, Taiwan
  28. Orbis Flying Eye Hospital Returns to Hong Kong After 8 Years Collaborates with Hip Shing Hong to Promote Global Sight-saving Efforts
  29. Classy Kiss and Uni-China Group Enter into Strategic Cooperation Team Up to Venture into the Yogurt Product Market in Hong Kong
  30. Octa - Safety comes first: 4 reasons to invest with a global broker
  31. Renesas Extends Tender Offer for Proposed Acquisition of Sequans
  32. Nexus International School (Singapore) Learners Present "Nexwell" Well-Being App For Peers
  33. First Phosphate Provides Update on Plans for a Purified Phosphoric Acid Plant at Port Saguenay, Quebec
  34. Audelacare Unveils Next-Gen One-Push Walking Stick for Effortless Mobility in the Elderly
  35. Diverse Ancient Volcanoes on Mars Discovered by HKU Planetary Scientist May Hold Clues to Pre-plate Tectonic Activity on Earth
  36. WRISE Launches WRISE Prestige to Cater to Growing Mass Affluent Segment in Asia Pacific
  37. Banyan Group’s Visionary Eco-Friendly Phuket Residential Community Now Launched for International Sales
  38. Best Places to Work Certification Celebrates Top Companies for Women in 2023
  39. VinFast Partners with Five Dealers in Indonesia
  40. Greenbriar Announces Dividend Policy and Expanded Real Estate Project Pipeline
  41. Yuno announces Jonathan Hall as the new Asia-Pacific Head
  42. Kriya Lightning Foundation Partners With Domestic Worker Communities to Launch Free Mental Wellbeing Improvement Program
  43. Citi appoints Joy Cheng as Head of Citi Commercial Bank for Hong Kong
  44. Transamerica Life Bermuda launches Genesis II Indexed Universal Life insurance plan for wealth maximization and lifetime protection
  45. K11 ARTUS plays host to Chow Yiu Fai as its fifth Artist In Residence
  46. Melco Style Presents: The Black Pearl Diamond Restaurants Gastronomic Series to Commence the 2024 Events this March
  47. 2035 E-Mobility Taiwan: The Platform Shaping the Future of Mobility
  48. UXLINK Social Infrastructure Breaks New Records, Attracts 230,000 New OKX Wallet Registrations in 14 Days, 72% Deposit Rate
  49. ROSEN, NATIONAL TRIAL LAWYERS, Encourages British American Tobacco p.l.c Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - BTI
  50. ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Dada Nexus Limited Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - DADA

Times Magazine

Yoga and Tai Chi: Why Simple Movement Still Inspires Millions

In a world of high-intensity workouts, fitness technology and ever-changing exercise trends, two a...

Offshore vs Inshore Centre Console Boats: Which One Should You Buy?

Centre console boats have become one of the most popular choices among modern anglers. Their open ...

Why Australian Enterprises Are Rethinking Their Core Communication Technologies

The corporate landscape in Australia has undergone a permanent structural shift over the past few ...

Technology

Why Australian Enterprises Are Reth…

The corporate landscape in Australia has undergone a permanent structural shift over the past few ...

Local News

QLD Day

On Saturday 6 June, parkrun events across the state will be a sea of maroon, with communities  str...

Culture

Vaccinations in Australia: Who Needs Them, Wh…

Vaccination is one of Australia's greatest public health success stories. Diseases that once claim...

Travel

Sri Lanka: An Island Adventure That Delivers …

For Australian travellers looking for a destination that combines tropical beaches, ancient histor...

The Times Features

Vaccinations in Australia: Who Needs Them, When and Why…

Vaccination is one of Australia's greatest public health success stories. Diseases that once claim...

Melbourne Weekend Property Tour: South of the Yarra

Melbourne's south side has long held a special place in the city's property market. Stretching fro...

Veteran fundraiser also changing the lives of ordinary …

What started out as a fundraiser to help veterans is now having a positive impact on ordinary Aust...