Corruption

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

Retrieved on: 
Wednesday, April 10, 2024

Anything we do or think, we have to be able to explain why we act or think this way," she noted.

Key Points: 
  • Anything we do or think, we have to be able to explain why we act or think this way," she noted.
  • The Bank of Thailand also vows to create transparency in the decision-making process and make it auditable.
  • The decision-making is transparent because there is a data storage and communication system so that it can always be traced back.
  • The NACC is supervised by the NACC Board and has the Office of the NACC as its administrative agency.

Thailand’s Anti-Corruption Commission initiates an Anti-Corruption Education curriculum to educate Thai children and instill integrity value in society

Retrieved on: 
Wednesday, April 10, 2024

Corruption in Thai society during the past period has had enormous negative effects on the country and is a major obstacle to the country's development in all dimensions.

Key Points: 
  • Corruption in Thai society during the past period has had enormous negative effects on the country and is a major obstacle to the country's development in all dimensions.
  • However, nowadays it has changed to become more complex which is involved with a conflict of interest and policy corruption.
  • "Children and youth are the future and hope of the country we can instill the idea that corruption is an unusual thing in society.
  • All of those are considered challenging goals of the NACC in driving the anti-corruption education curriculum toward future achievement.

Thailand’s National Anti-Corruption Commission issues guidelines to tackle corruption aiming to promote more foreign investors’ confidence

Retrieved on: 
Wednesday, April 10, 2024

Also, the move is aimed to increase foreign investors' confidence so that they will continue to invest in the country.

Key Points: 
  • Also, the move is aimed to increase foreign investors' confidence so that they will continue to invest in the country.
  • Overall, many countries have failed to fight against corruption, with up to 95% of countries making no progress in tackling corruption since 2017.
  • The perception of corruption in government agencies providing investment services in Thailand was also at the moderate stage.
  • Thus, to promote more foreign investors' confidence, the NACC recently issued eight guidelines for both local and international investors' practices against corruption, he explained.

The National Anti-Corruption Commission Thailand seeks suitable measures to prevent corruption risks regarding rewards for officials to ensure transparency for all.

Retrieved on: 
Wednesday, April 10, 2024

BANGKOK, THAILAND - Media OutReach Newswire - 18 March 2024 - The Office of the National Anti-Corruption Commission (NACC), Thailand has brainstormed concerns from all related agencies to prevent corruption risk regarding bribery to officials and reward for officials to ensure transparency work of its officials and confidence for both local and international investors. In efforts to uphold ethical conduct among officials who are directly involved with tacking corruption, the NCC recently held a meeting to brainstorm ideas on "Guidelines for Preventing Corruption Risk Regarding Bribe Payment and Rewards from the Performance of Officials". This is aimed at voicing opinions for the revision of the guidelines for rewarding officers with appropriateness, fairness, and consistency with the performance of duties, and remuneration based on performance for officials who work in tackling corruption in the country. According to the NACC, it has provided recommendations for the revision of the reward payment for the Customs Department, the Ministry of Finance is afraid that the rewards caused 'moral hazards' among officials who are involved in the process of tackling corruption. Following the reward, it encouraged the officials to focus only on tasks with high rewards or having rewards, while neglecting to perform tasks with low rewards or no remuneration, which may cause corruption inequality, and unfairness among civil servants. The reward could also be considered as the risk of conflict of interest of the authority in determining the eligibility for the award and determining the proportion of the reward. The officials could risk rewarding themselves which was not inconsistent with the purpose of the guideline that wants to promote effective law enforcement, or may lead to the creation of false evidence in the disbursement of bribes. The meeting was attended by representatives of relevant agencies including the Ministry of Finance, the Customs Department, the Comptroller General's Department Excise Department, the Office of the Narcotics Control Commission Anti-Money Laundering Office, the Royal Thai Police, the Office of the Auditor General, experts, executives and officers. The meeting focused on various issues covering: who is entitled to receive the reward, the proportion and rate of payment of the reward, the appropriateness and fairness of the reward, the prevention of risks of discretion and conflict of interest, and the changing trend in the process of giving bribery and reward, explained Mrs. Suwana Suwanjuta, NACC Commissioner, who chaired the meeting. However, with the modernization and connectivity of information technology today, this enables agility and efficient linkage of various data, as well as the NACC's credibility among international, the reward for officers could be revised to ensure the appropriateness of providing rewards for the authorities and to encourage government officials to enforce the law more efficiently and equitably in the bureaucracy. In this regard, the NACC hopes that the meeting will voice concern from all involved so that the revision of the guidelines to provide rewards to officials will be more efficient and ensure transparency for all involved, helping improve standards in tackling corruption with more advancing and modernizing measures, the NACC concluded. ---------------------------------------------------- Reference: https://www.nacc.go.th/categorydetail/20180831184638361/20240312183512? *This press release translation is funded by the National Anti-Corruption Fund (NACF). Hashtag: #IntegrityWay #AntiCorruption #ZeroCorruption #NACC #NACF

Key Points: 
  • BANGKOK, THAILAND - Media OutReach Newswire - 18 March 2024 - The Office of the National Anti-Corruption Commission (NACC), Thailand has brainstormed concerns from all related agencies to prevent corruption risk regarding bribery to officials and reward for officials to ensure transparency work of its officials and confidence for both local and international investors.
  • In efforts to uphold ethical conduct among officials who are directly involved with tacking corruption, the NCC recently held a meeting to brainstorm ideas on "Guidelines for Preventing Corruption Risk Regarding Bribe Payment and Rewards from the Performance of Officials".
  • The National Anti-Corruption Commission (NACC) is a constitutional independent organization and supervised by nine commissioners selected from various professions.
  • It has the authority to file charges in court as well as support and build up awareness of the penalties for committing corruption.

The National Anti-Corruption Commission Thailand joins forces with international agencies to focus on preventing and suppressing transnational corruption

Retrieved on: 
Wednesday, April 10, 2024

BANGKOK, THAILAND - Media OutReach Newswire - 25 March 2024 - As emerging with rapid digitalization that paves the way for transnational corruption, the National Anti-Corruption Commission (NACC), Thailand further tightened its collaboration with international organizations in tackling new tactics and complicated illicit activities in accordance with global standards. The NACC's Secretary-General, Mr. Niwatchai Kasemmongkol recently met with representatives of the Nordic Police Liaison Office, led by Mr. Carsten Andersen, Assistant Attache/Liaison Officer, Nordic Police Affairs Department at the Danish Embassy, Thailand and Ms. Jane Ohlsson, Assistant Ambassador/Coordinating Officer for Police Affairs in the Nordic Countries at the Swedish Embassy, Thailand, along with NACC's executives and representatives from the Bureau of International Corruption Affairs and Cases, and the Bureau of Investigation and Special Affairs to enhance cooperation between the NACC enforcement agencies in combating transnational corruption. "Current corruption problems are not limited to any one country. But it has developed into a transnational crime, which affects all countries around the world. Therefore, cooperation between each other in various forms, both bilateral and multilateral is considered an important mechanism for effectively preventing transnational corruption of all kinds," said the NACC secretary-general. He further elaborated that the NACC has collaboration with enforcement agencies from the Nordic countries in both bilateral and multilateral. It has a memorandum of understanding between each other to exchange legal information, coordinate cases, as well as academic cooperation in particular, the sharing of knowledge and anti-corruption practices which is beneficial to raising the level of the Corruption Perceptions Index (CPI) of Thailand. This tie collaboration will help promote the prevention and suppression of corruption in Thailand more effectively. Furthermore, under the cooperation, both sides discussed and exchanged information on international cooperation in criminal matters related to corruption cases between Thailand and the Nordic countries. Denmark has expressed great interest in the NACC's corruption prosecutions and is willing to cooperate in solving transnational corruption cases, while also exchanging information that is beneficial to the fight against corruption. Mr. Niwatchai concluded that the NACC has given great importance to strengthening and expanding the network of cooperation with law enforcement agencies of various countries to deal with transnational corruption continuously. Presently, the NACC, in Thailand has made memoranda of understanding with 25 law enforcement agencies and international organizations, including nine ASEAN countries, the Ministry of Supervision of China, the Independent Authority against Corruption of Mongolia, the Anti-Corruption Commission of Bhutan, the Independent Commission Against Corruption of Australia, the Oversight and Anti-Corruption Authority of Saudi Arabia, the Police Presidium of the Czech Republic, Federal Ministry of the Interior of Austria, Investigative Committee of the Russian Federation, International Department of the National Crime Agency of the United Kingdom, and Office of the Comptroller General of Brazil, as well as World Bank, United Nations Office on Drugs and Crime (UNODC), International Anti-Corruption Academy (IACA), Basel Institute on Governance, United Nations Development Programme (UNDP) and the UN International Organization for Migration (IOM). ----------------------------------------- *This exclusive interview translation is funded by the National Anti-Corruption Fund (NACF). Hashtag: #IntegrityWay #AntiCorruption #ZeroCorruption #NACC #NACF

Key Points: 
  • Therefore, cooperation between each other in various forms, both bilateral and multilateral is considered an important mechanism for effectively preventing transnational corruption of all kinds," said the NACC secretary-general.
  • He further elaborated that the NACC has collaboration with enforcement agencies from the Nordic countries in both bilateral and multilateral.
  • Furthermore, under the cooperation, both sides discussed and exchanged information on international cooperation in criminal matters related to corruption cases between Thailand and the Nordic countries.
  • The National Anti-Corruption Commission (NACC) is a constitutional independent organization and supervised by nine commissioners selected from various professions.

Judicial Advocacy Group Launches 7-Figure Campaign Urging Common Sense in Tesla Legal Fees Dispute

Retrieved on: 
Tuesday, April 9, 2024

The attorneys who convinced the court to revoke Musk's extravagant pay package deal are now petitioning for $6 billion in Tesla stock for fees and expense reimbursement.

Key Points: 
  • The attorneys who convinced the court to revoke Musk's extravagant pay package deal are now petitioning for $6 billion in Tesla stock for fees and expense reimbursement.
  • The ad points out the demand is comparable to the total economy of a small country, such as Barbados or Bermuda.
  • She stopped a legally binding contract in order to grant them billions in legal fees.
  • The seven-figure advertising campaign, paid for by Citizens for Judicial Fairness, is catching attention, as it is available on cable, broadcast, streaming, and social media.

Ford Foundation Invests in Cohort of Artists Working to Protect Civic Space Around the World

Retrieved on: 
Tuesday, April 9, 2024

NEW YORK , April 9, 2024 /PRNewswire/ -- The Ford Foundation announced today its latest grantmaking initiative, "Creativity and Civic Space," which addresses the importance of protecting and expanding civic space across the globe.

Key Points: 
  • NEW YORK , April 9, 2024 /PRNewswire/ -- The Ford Foundation announced today its latest grantmaking initiative, "Creativity and Civic Space," which addresses the importance of protecting and expanding civic space across the globe.
  • "Cultural narratives profoundly influence our reality, shaping perceptions, values, and belief systems," said Lane Harwell, Ford Foundation senior program officer for Creativity and Free Expression.
  • "The 'Creativity and Civic Space' initiative harnesses the transformative power of art to build a more inclusive world where all voices are heard and valued."
  • The selection process for this initiative prioritized traditionally underrepresented voices and artists working across disciplines.

Ukraine war: why many Nato countries are thinking of introducing conscription and the issues that involves

Retrieved on: 
Tuesday, April 9, 2024

While hundreds of thousands of British men did, indeed, volunteer to serve in the first flush of jingoistic patriotism in 1914, the manpower well soon began to run dry.

Key Points: 
  • While hundreds of thousands of British men did, indeed, volunteer to serve in the first flush of jingoistic patriotism in 1914, the manpower well soon began to run dry.
  • Despite this, however, some form of conscription does still exist today in most European countries.
  • But as the implications of Russia’s war against Ukraine come to be better understood, introducing or extending conscription is increasingly being discussed in European Nato states.
  • But, over the past few months, political leaders in both countries have been discussing the reintroduction of forms of conscription or national service.
  • In other countries in Europe, there has traditionally been a type of “conscription-lite” in operation.
  • Sweden, which joined Nato in March, had dropped conscription in 2010 but reintroduced it in 2018 as the country prepared to join Nato.
  • Finland, the other Nordic country that has recently joined Nato, could hardly expand its conscription net any further.

Conscription extended in Ukraine

  • The country already has conscription for 18-26 year-olds but only those above 27 were actually asked to serve in combat roles (although many volunteers under 27 did as well).
  • To replace those lost in the war and to maintain the ability to rotate troops in and out of the front lines, Ukraine needs a larger pool of military manpower.
  • But casting the manpower net wider is a toxic issue in Ukraine, and as ever, such conscription is not popular.
  • Accordingly, government spokespersons moved quickly to quash any notions that conscription was on any agenda.


Rod Thornton does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on WSP Global Inc. (TSX: WSP)

Retrieved on: 
Wednesday, April 3, 2024

The Company was formed when Canada’s Genivar Inc. (TSX: GNV) acquired WSP Group plc in the U.K. in 2012.

Key Points: 
  • The Company was formed when Canada’s Genivar Inc. (TSX: GNV) acquired WSP Group plc in the U.K. in 2012.
  • Ever since, WSP has been built largely as a roll-up acquiror and has acquired 22 companies totaling $4.3 billion since 2020.
  • As a reminder, our full report, along with its investment disclaimers, can be downloaded and viewed at www.SprucePointCap.com .
  • As disclosed, Spruce Point and/or its clients have a short position in WSP Global Inc. (TSX: WSP) and own derivative securities that stand to net benefit if its share price falls.

Corporate Compliance – Not Enforcement – Is Combatting Pervasive Corruption in Latin America, Miller & Chevalier Research Finds

Retrieved on: 
Tuesday, April 2, 2024

Corruption remains pervasive throughout Latin America despite sustained efforts to criminalize, investigate, and prosecute misconduct, according to new survey data.

Key Points: 
  • Corruption remains pervasive throughout Latin America despite sustained efforts to criminalize, investigate, and prosecute misconduct, according to new survey data.
  • In fact, corporate compliance – not enforcement – is the key driver for addressing these endemic issues.
  • The 2024 Latin America Corruption Survey , released today by Miller & Chevalier Chartered and 14 collaborating law firms in Latin America, measures perspectives on how corruption impacts companies' ability to do business in the region.
  • “Nonetheless, in the absence of consistent enforcement, executives in the region are confronting this pervasive problem.