There are high risks of corruption in most sectors in Thailand. Although Thailand has a legal framework and a range of institutions to combat corruption, businesses may regularly encounter bribery or other corrupt practices. The military junta that overthrew the government in 2014 further consolidated its power, and corruption is said to have worsened under military rule. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essayThe Organic Anti-Corruption Law criminalizes corrupt practices by public officials and businesses, including active bribery and passive of public officials. The Penal Code also criminalizes embezzlement and influence peddling. Anti-corruption legislation is insufficiently enforced and facilitation payments and gifts are common in practice. This is clearly seen in their public procurement sector. Companies report that bribes and irregular payments during the public procurement process are particularly common. GCR statistics prove that at least two in five Thai companies consider offering gifts in order to obtain a government contract. Keep in mind that this statistic is based on all government bribes admitted to by business officials. Companies also report that “misuse of public funds and favoritism in decisions by government officials are very common. Procurement fraud occurred most often during bidding and tendering, supplier selection, supplier contracts, and the maintenance process (pwc 2016). the payment process doubled between 2015 and 2016 (PWC 2016). Respondents report bid-rigging, where employees provide inside information or confidential pricing knowledge leading to unfair competition (pwc 2016)” (Thailand Corruption Report. (September 2, 2017). The high figures if government corruption is due to a poor regulatory framework for public procurement It is weak, fragmented and does not reflect international legislative practices, as collisions are strictly prohibited Minister Yingluck Shinawatra, ousted in the coup. State Military Commission of 2014, was indicted a year later for negligence in preventing large losses and corruption in connection with a rice purchasing program in which the government would buy rice from farmers above market prices. The military junta says losses to the state amount to at least $8 billion” (Thailand Corruption Report. (2017, September 2). Due to increasing government involvement in business, it is recommended that companies implement special due diligence procedures to counter the likelihood of encountering corruption in the procurement process. There are numerous reports of slavery and human trafficking, particularly in the Thai fishing industry. Keep in mind: this is just a sample. Get a personalized document now from our expert writers. Get a Custom Essay by According to the 2016 Global Slavery Index, approximately 425,500 Thais live as modern slaves, or 0.063% of their current total population. "A 2017 United Nations report harshly criticized Thailand for its failure to end its slavery and human rights abuses..