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<oembed><version>1.0</version><provider_name>Tilleke &amp; Gibbins</provider_name><provider_url>https://www.tilleke.com</provider_url><author_name>Joel Akins</author_name><author_url>https://www.tilleke.com/author/joel/</author_url><title>Thailand Updates Anticorruption Standards for Public Procurement - Tilleke &amp; Gibbins</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="cHO2LcSfPl"&gt;&lt;a href="https://www.tilleke.com/insights/thailand-updates-anticorruption-standards-for-public-procurement"&gt;Thailand Updates Anticorruption Standards for Public Procurement&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.tilleke.com/insights/thailand-updates-anticorruption-standards-for-public-procurement/embed/#?secret=cHO2LcSfPl" width="600" height="338" title="&#x201C;Thailand Updates Anticorruption Standards for Public Procurement&#x201D; &#x2014; Tilleke &amp; Gibbins" data-secret="cHO2LcSfPl" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>On October 16, 2024, Thailand&#x2019;s Anti-Corruption Cooperation Committee (ACCC) issued a notification to enhance anticorruption standards in public procurement. The new notification (officially &#x201C;Notification of the Anti-Corruption Cooperation Committee on the Procurement Budget and Minimum Standards of the Policy and Directions for Anticorruption in Relation to Procurement according to Section 19 of the Public Procurement and Supplies Administration Act B.E. 2560&#x201D;) supersedes previous guidelines and imposes stricter compliance requirements on business entities involved in the government procurement processes. The updates not only align with the goals of Thailand&#x2019;s Public Procurement and Supplies Administration Act B.E. 2560 (2017) but also reflect the government&#x2019;s resolution to mitigate corruption, particularly in high-value public contracts. The ACCC&#x2019;s new notification introduces additional definitions, lowers budget thresholds for compliance, and strengthens business obligations. Key Components The new notification continues the previous guidelines&#x2019; requirement that businesses seeking to bid on government procurement projects meet the specified minimum</description></oembed>
