TIP & PARTNERS is one of Cambodia’s most trusted independent law firms. The firm provides a comprehensive range of legal services to serve the differing needs of corporates, financial institutions and individuals.
The Anti-Corruption Law defines the corruption-related criminal offences is found in the Criminal Code. The Cambodian Criminal Code states that offering, accepting or soliciting a bribe is punishable. Offering, accepting or soliciting any gift, present, or promise to a government official or corporate recipient, or providing this recipient with any other benefit to induce that person to perform or abstain from performing his or her duty, is seen as a corruption offence. This is the general definition, with aggravating circumstances depending on the positions of the intended bribe receiver or solicitor.
Other corruption-related offences found in the Criminal Code are improper biddings, money laundering, embezzlement, favouritism and extortion. Offences related to corruption found in the Anti-Corruption Law are abuse of power by public servants or citizens that hold public office through election, illicit enrichment, corruption-proceeds offences and petty corruption offences.
Tip & Partners advises on the risk mitigation measures for our clients to adopt to ensure compliance with Cambodian Anti-corruption laws and regulations when their employees performing work, including:
