Thailand's NACC Unveils Anti-Corruption Guidelines to Boost Foreign Investment Confidence

The National Anti-Corruption Commission (NACC) of Thailand has released comprehensive guidelines aimed at combating corruption within the country. The initiative is designed to enhance transparency and accountability, targeting both local and international investors. This move is part of a broader effort to foster foreign investor confidence and support the nation's ongoing battle against corruption, a persistent issue impacting social and economic development.

Mr. Niwatchai Kasemmongkol, Secretary-General of the NACC, highlighted the moderate perception of investment fraud and corruption within government agencies based on a recent survey. The results underscore the potential for improvement in Thailand's anti-corruption efforts. To address these concerns, the NACC has put forth eight preventive measures, including public sector engagement, the use of IT for transparency, and moral reinforcement among officials.

The survey pointed out that service delays by civil servants pose the highest corruption risk, often leading to illicit exchanges for quicker processing. The guidelines also emphasize the critical role of information technology in streamlining the business approval process and enhancing the integrity and transparency assessment (ITA) system for government operations. Furthermore, the NACC is encouraging private sector collaboration through the Thai Private Sector Collective Action Against Corruption (CAC).