The National Anti-Corruption Commission Thailand Alerts Investors to Risks of Gratuity Offerings as Potential Bribery
The NACC's Secretary-General, Mr. Niwatchai Kasemmongkol, emphasized that the regulatory framework established in 2020 includes criminal penalties for such offenses.
- The NACC's Secretary-General, Mr. Niwatchai Kasemmongkol, emphasized that the regulatory framework established in 2020 includes criminal penalties for such offenses.
- 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.
- The National Anti-Corruption Commission (NACC) is a constitutional independent organization supervised by nine commissioners selected from various professions.