There are high risks of corruption in most sectors in Thailand. Although Thailand has a legal framework and a number of institutions to combat corruption, companies can regularly encounter bribery or other corrupt practices. The military junta that overthrew the government in 2014 has 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 Shouldn't Be Banned"? Get an original essay The Organic Law on Combating Corruption criminalizes corrupt practices of public officials and companies, including active and passive bribery of public officials. The penal code also criminalizes embezzlement and influence peddling. Anti-corruption legislation is not adequately enforced and facilitation payments and gifts are common in practice. This is clearly visible in the public procurement sector. Businesses indicate that bribes and irregular payments in the public procurement process are particularly common. GCR statistics show that at least two in five Thai businesses intend to make gifts to adequately secure a government contract. Please note that this statistic is based on all government bribes admitted by company officials. Companies also report that “the diversion of public funds and favoritism in the decisions of government officials are very common. Procurement fraud occurred most frequently during requests for quotes and proposals, supplier selection, supplier contracting and the maintenance process (pwc 2016). reported during the payment process doubled between 2015 and 2016 (pwc 2016) numbers if government corruption is due to the poor regulatory framework for public procurement international legislative practices, as the collision is strictly prohibited. Example of a more recent high-profile corruption case; negligence for failing to avoid large losses and corruption in a rice purchasing program in which the government allegedly purchased rice from farmers at a higher-than-market price. The military junta claims that losses to the state amount to at least $8 billion" (Thailand Corruption Report. (2017, September 2). Due to increased government involvement with businesses, companies are recommended to implement special due diligence procedures to combat the likelihood of encountering corruption in the procurement process There are many reports of slavery and human trafficking, especially in the Thai fishing industry Please note: this is just one example. Get a personalized document from ours now expert writers.According to the 2016 Global Slavery Index, there are approximately 425,500 Thais living as modern slaves; facilitated by widespread corruption among government officials: in one case, local officials protected and assisted a gang accused of torturing and executing migrant workers who attempted to escape (UNILO 2017)" (Thailand Corruption); Relationship. (2017, September 2). The government does not make much effort to investigate and mitigate these abominable living conditions because it is one of its major industries with a net worth of around $7 billion. Despite the financial progression and expansion in business.