Financial Crime World

Bhutan Tightens Anti-Bribery and Corruption Regulations

In a move aimed at strengthening its anti-corruption efforts, Bhutan’s Anti-Corruption Commission has adopted several key regulations to prevent and combat bribery and corruption in the country. The new rules come into effect just ahead of International Anti-Corruption Day on December 9.

New Rules for Management of Property under Provisional Measures

According to sources, the Rules for Management of Property under Provisional Measures 2023 aim to streamline the management and administration of property seized and frozen or brought to the custody of the ACC during its investigation. The rule is expected to:

  • Improve transparency in the handling of assets linked to corruption cases
  • Enhance accountability in the management of seized and frozen properties

Debarment Rule 2023: Promoting Ethical Conduct in Government Businesses

The Anti-Corruption Commission also adopted the Debarment Rule 2023 on December 9. This rule aims to:

  • Promote ethical conduct in government businesses
  • Ensure transparency in public procurement
  • Prevent corruption and fraudulent activities in public finance projects

Bhutan’s Anti-Corruption Efforts: A Progress Report

The move follows the adoption of several key anti-corruption laws, including:

  • The Anti-Corruption Act of Bhutan 2011 and its amendment in 2022
  • The Asset Declaration Rules 2022
  • The Gift Rules 2017

These regulations are part of Bhutan’s efforts to combat corruption and promote integrity and transparency in public life.

Conclusion

The new regulations are expected to play a crucial role in promoting integrity and transparency in public life, and in preventing bribery and corruption in all forms. As Bhutan continues to make progress towards becoming a more transparent and accountable society, these regulations will be instrumental in achieving this goal.