Insights

Thailand’s newly amended Organic Act on Anti-Corruption (No.2) B.E. 2568 (2025) marks a significant shift in corporate compliance expectations. With expanded whistleblower protections and stricter enforcement mechanisms, companies operating in Thailand must act swiftly to align their internal controls and reporting systems with the new legal landscape.

Building a Sustainable Business – 360 Degrees explores six key pillars for sustainable growth, combining strategic insights, best practices, and real-world examples to help businesses build resilience and thrive in an uncertain economy.

Fraud, theft, and other forms of wrongdoing present a major challenge for businesses in the information age. Whereas in earlier times, paper trails and physical evidence could often be relied upon to catch corporate criminals, the digital nature of both assets and spreadsheets allow would-be fraudsters to engage in more sophisticated levels of obfuscation. However, the same set of new technologies enables improved guardrails against such damaging activity. It is the responsibility of modern organisations to actively prevent fraud and theft from occurring within their ranks — either directly through internal procedures, or with the help of external specialists, or both.

How well do you really know internal control health check of your company ? How thoroughly are they checked when policies and procedures are updated? How do you ensure internal control efficiency is established and maintained? Are there any inefficiencies and control deficiencies your team has missed?

Fraudulent activities committed by employees, managers, and even executives can severely damage a business both financially and reputationally. The scope of this problem is typically underestimated, as the idea of team members stealing from the team is unpleasant to consider, much less to discuss out loud. The resulting silence surrounding this issue leads many to assume that it must not be a common problem.

Our CEO & Managing Partner Ian Pascoe interviews our Director of Forensic Advisory Ashish Chaturvedi on the many benefits of a whistleblowing hotline, how to set one up, how to get your team to buy in, and much more in this video.

Collective Action Against Corruption in Thailand, CAC

The worst injuries are often the ones that go undetected. In far too many cases, companies that report no fraud are simply unaware of the leakages inside their own area of operations, which tend to be significant in scope. The most recent edition of Report to the Nations: Occupational Fraud, by the Association of Certified Fraud Examiners, estimates that organisations lose 5% of revenue to fraud each year. While the median loss per case is USD 117k, the average loss is an eye-watering USD 1.78 million.