You are using an outdated browser and your browsing experience will not be optimal. Please update to the latest version of Microsoft Edge, Google Chrome or Mozilla Firefox. Install Microsoft Edge

October 22, 2014

Bangkok Post: FraudNet Conference Focuses on Practical Steps Needed to Fight Corruption

Subscribe to Updates
Bangkok Post

The Bangkok Post  reports that H.E. Abhisit Vejjajiva, former prime minister of Thailand, recently called on civil society and the private sector to step up and play a key role in combatting corruption and related illicit activities. Speaking at the ICC FraudNet Bangkok Conference on Fraud, Asset Recovery & Cross-Border Cooperation in Bangkok on October 17, Mr. Abhisit stated that up to 3 percent of Thailand’s GDP is lost to fraud and corruption each year—an amount almost equal to the country’s total expenditures on education.

Following up on these remarks, Thawat Damsa-ard, a partner at Tilleke & Gibbins, pointed out that recovery of assets stolen through corruption is a real option. Stakeholders often focus only on the need to “bring the wrongdoers to justice and prosecute them,” he said, but more should be done to actually attempt to trace and recover the money that is lost to corrupt activities.

The FraudNet conference touched on a wide range of topics related to corruption, fraud, money laundering, and asset recovery. To read the full Bangkok Post  article on the event, please click on the PDF below.

Download Full Article
RELATED PROFESSIONAL

Practices

Compliance and Investigations

Location

RELATED INSIGHTS​ 

June 8, 2015
David Lyman, chairman and chief values officer at Tilleke & Gibbins, will chair a session on “Anti-Corruption Strategies” at the “Third Conference on Evidence-Based Anti-Corruption Policies” (CEBAP 3), a conference organized by Thailand’s National Anti-Corruption Commission in collaboration with the World Bank and Transparency International. The session will feature prominent government officials who will speak on anti-corruption strategies in Bhutan, Malaysia, and the Philippines. 
Read More
June 8, 2015
Yuwadee Thean-ngarm, a consultant in Tilleke & Gibbins’ Yangon office, will present at a seminar named, “Myanmar Update,” hosted by the Thai Business Association of Myanmar (TBAM). The seminar will focus on the latest developments to affect labor, tax, land, and trademark laws, and particularly, how these issues will impact investors. Yuwadee will speak on the topic, “Insider’s Guide to Doing Business in Myanmar – A Legal Perspective,” and she will discuss the following subjects in detail:
Read More
February 26, 2015
Tilleke & Gibbins has been nominated for the Thailand Law Firm of the Year Award 2015 by Chambers Asia-Pacific. This nomination comes after the firm was honored to win the Thailand Law Firm of the Year Award 2014. This year’s winner will be announced at Chambers Asia-Pacific’s annual ceremony and dinner, which will be held at the Ritz Carlton in Hong Kong on May 4, 2015.
Read More
November 18, 2014
Michael Ramirez, who leads the corporate and commercial team in Tilleke & Gibbins’ Myanmar office, will participate as a speaker in a webcast hosted by Lex Mundi and the Association of Corporate Counsel (ACC). The webcast, titled “Global Anti-Corruption Laws – The Perils of Doing Business in Asia” and run by the ACC’s International Legal Affairs Committee, will discuss the impact of global anti-corruption laws in Asia, how to manage risk appropriately, and the different regulatory frameworks applicable to in-house counsel.
Read More