FCPA Enforcement under the Trump Administration

There has been considerable speculation about how vigorously the Trump administration will enforce the Foreign Corrupt Practices Act (“FCPA”) given Trump’s past criticism of this law.  In 2012, Trump famously called the FCPA a “horrible law”.   But thus far senior …

Read More

Former TAT Gov & Daughter Receive Lengthy Sentences – Thai Film Festival Corruption Case

The former Governor-General of the Tourism Authority of Thailand, Ms. Juthimas Siriwan, and her daughter, Jittisopha Siriwan, were given lengthy prison sentences on 29 March 2017 in connection with kickbacks paid to procure contracts from Bangkok Film Festival from 2003 …

Read More

Death Penalty for Some Corruption Cases in Thailand?

According to the Bangkok Post Thai officials convicted in corruption cases involving more than one billion baht could face the death penalty. Previous Thai legislation provided for the death penalty for officials convicted of bribery, but the Bangkok Post reports …

Read More

Thai Anti-Corruption Law – An Overview

Douglas Mancill and Panpilai Issariyapruit Corruption has much the same effect on the development of a nation that cancer has on the life of a biological organism. Recognizing this, Thailand has various laws criminalizing corruption, recently enacted new anti-corruption laws …

Read More

Severance Agreements and the FCPA

A recent U.S. Securities and Exchange (SEC) administrative proceeding against California based Health Net illustrates a challenge when documenting settlements with exiting employees in Thailand.  Heath Net used severance agreements that required employees to waive their rights to obtain monetary …

Read More

Expansion of Thai Anti-Corruption Laws

Recent amendments to the Organic Act on Counter Corruption, B.E. 2542 (the “Organic Act”) have expanded the scope of Thai anti-corruption laws (the “Amendments”). The provisions of the Amendments that are most important or have received the most press concern: …

Read More

If you Think FCPA Compliance is tough in Thailand, Just Consider what it will be like in Myanmar

Judging from several recent events in Bangkok, there is tremendous interest on doing business in and with Myanmar. AMCHAM programs on US Trade and Investment in Myanmar have been over-subscribed. The primary focus now is clearly on lifting the myriad …

Read More

Singapore Summit – Anti-Corruption Compliance and Risk Compliance

The PowerPoint presentation that PriceSanond partner, Douglas Mancill, used at the Singapore Summit on “Anti-Corruption Compliance and Risk Compliance” on 5 December 2012. The Summit was sponsored by the American Conference Institute. Mr. Mancill spoke on strategies to decline requests …

Read More

Coverage of Thai Anti-Corruption Laws Expanded

On 16 March 2012, the NACC issued a notification under Section 100 of the Anti-Corruption Act which prohibits executive and vice-executives of local administrative bodies and their spouses from participating in several commercial activities with the government. Previously, only the …

Read More

Unusual Wealth

The National Anti-Corruption Commission (NACC) has the authority to initiate investigations into whether a person holding a political position or a state official is “unusually wealthy” under Chapter 7 of the Anti-Corruption Act, B.E. 2542, which was amended in April …

Read More

FCPA: Current Trends & Compliance Measures.

The Power Point presentation that PriceSanond partner, Douglas Mancill, used for a presentation at an American Chamber of Commerce in Thailand program on Current Trends and Compliance Measures for the U.S. Foreign Corrupt Practices Act on 21 November 2011. Read …

Read More

Recent Money Laundering Act Regulations

New regulations have been promulgated under the Thai Anti-Money Laundering Act (AMLA) and all will be effective by the end of August 2011 (the New Regulations). In brief, the main changes introduced by the New Regulations provide as follows: Additional …

Read More

The Dodd-Frank Act: Whistle-blower Rewards in FCPA Cases

On July 21, 2010, President Obama signed the Dodd- Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act") into law. The Dodd-Frank Act primarily introduces major changes in the regulation of the financial services industry, but it also permits …

Read More

Legal Update: Increased Enforcement of the FCPA

The last several years have seen a dramatic increase in enforcement of the U.S. Foreign Corrupt Practices Act ("FCPA"), which, as most AMCHAM members will know, is a broad law that criminalizes corrupt payments to foreign officials. In the prior …

Read More

Overview of Thailand’s Anti-Money Laundering Laws

The Thai Anti-Money Laundering Act B.E. 2542 (1999), as amended in 2009 (AMLA), forms the core of Thailand’s anti-money laundering law. As in many other jurisdictions, the Thai laws concerning money laundering are in their early stages of development and …

Read More