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Thailand's anti-corruption laws have recently undergone legislative enhancement, expanding the scope of prohibited activities so as to close what was seen as a gap in Thailand's anti-bribery framework. Companies should thus ensure that their internal compliance measures are in place to avoid falling foul of these provisions.
Previously, section 144 of the Criminal Code prohibited the giving of any benefit to a member of the State Legislative Assembly, the Changvad Assembly, or the Municipal Assembly to induce an act which is contrary to his functions, with a consequence of imprisonment and/or a fine. The recently amended Organic Act on Counter-Corruption (No. 3) extends this prohibition to benefits given to any State Official, Foreign State Official, or International Organisation Official. .
The amended provision appears directed at potential bribery involving officials from foreign countries, as well as persons working in public international organisations. This serves to strengthen Thailand's statutory framework in keeping with the United Nations Convention against Corruption.
We issued a client update on this. To view the Update, click here.
Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only
intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.
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R&T Asia (Thailand)
973 President Tower, 12th Floor,
Units 12A - 12F , Ploenchit Road, Lumpini,
Pathumwan, Bangkok 10330, Thailand
http://th.rajahtannasia.com
Contacts: Krida PhoonwathuPartnerD +66 2656 1991 F +66 2264 5057krida.phoonwathu@rajahtann.comNattarat BoonyatapPartnerD +66 2656 1991 F +66 2264 5057nattarat.boonyatap@rajahtann.com| Rajah & Tann Asia is a network of legal practices based in Asia. |
Member firms are independently constituted and regulated in accordance with relevant local legal requirements. Services provided by a member firm are governed by the terms of engagement between the member firm and the client. |
This update is solely intended to provide general information and does not provide any advice or create any relationship, whether legally binding or otherwise. Rajah & Tann Asia and its member firms do not accept, and fully disclaim, responsibility for any loss or damage which may result from accessing or relying on this update. |
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