Compliance & Risk
Tailored-Solutions For Safe Business Operation
At YLC, we understand that staying compliant with evolving laws and regulations is crucial for businesses operating in Thailand. Our Compliance & Risk services are designed to help companies navigate regulatory complexities, minimize legal risks, and build robust governance frameworks.
We provide tailored solutions that enable businesses to operate with confidence while safeguarding their reputation and assets.
Our Services
Compliance Audits and Risk Assessments
- Conducting comprehensive legal compliance audits to identify potential gaps or areas of non-compliance.
- Assessing risks related to business operations, contracts, corporate structure, and industry-specific regulations.
- Preparing detailed reports with actionable recommendations to mitigate risks and enhance compliance.
Corporate Governance and Anti-Corruption Advisory
- Advising on the implementation of effective corporate governance practices to ensure transparency and accountability.
- Developing anti-corruption policies and compliance programs to meet Thai and international standards, including the Thai Anti-Corruption Act and the Foreign Corrupt Practices Act (FCPA).
- Providing training to employees and management on ethical business practices and anti-corruption measures.
Regulatory Filings and Reporting
- Assisting with the preparation and submission of required regulatory filings, including annual reports, shareholder resolutions, and changes to corporate details.
- Advising on tax filings, financial disclosures, and other statutory requirements to ensure timely compliance.
- Representing clients in communications with regulatory authorities such as the Department of Business Development (DBD) and the Revenue Department.
Prevention of Legal or Regulatory Risks
- Identifying potential legal risks related to business operations, contracts, and partnerships.
- Drafting and reviewing policies, agreements, and procedures to ensure compliance with Thai laws.
- Advising on best practices to proactively prevent disputes, penalties, or regulatory issues.
Industry-Specific Compliance
- Providing tailored compliance solutions for highly regulated industries, such as finance, healthcare, technology, and manufacturing.
- Advising on industry-specific licenses, permits, and regulatory frameworks.
- Ensuring adherence to environmental, safety, and labor standards applicable to specific sectors.
Data Protection and Privacy Compliance
- Advising on compliance with Thailand’s Personal Data Protection Act (PDPA).
- Assisting with the development of data protection policies, privacy notices, and consent forms.
- Conducting data protection impact assessments (DPIAs) to identify and mitigate risks related to personal data processing.
Our Services
Internal Policy Development and Training
- Assisting businesses in developing internal policies and procedures to ensure ongoing compliance.
- Conducting training programs for employees and management on regulatory obligations, ethics, and risk management.
Compliance Support for Foreign Businesses
- Advising foreign investors on Thai regulatory requirements and helping them structure their operations for compliance.
- Providing guidance on compliance with the Foreign Business Act, investment promotion under the BOI, and tax treaties.
- Ensuring compliance with immigration laws for foreign employees, including work permits and visa requirements.
Dispute Avoidance and Resolution
- Providing proactive advice to avoid compliance-related disputes with regulatory authorities.
- Representing clients in negotiations, investigations, or audits conducted by government agencies.
Whistleblowing and Internal Investigations
- Assisting in setting up whistleblowing mechanisms to encourage reporting of unethical practices.
- Conducting internal investigations into potential legal or regulatory violations and advising on corrective actions.
Licenses and Permits Management:
- Ensuring businesses obtain and maintain the necessary licenses and permits for their operations.
- Assisting with license renewals and ensuring compliance with licensing conditions.
Why Choose Us?
At YLC, we are committed to helping your business stay ahead of legal and regulatory challenges. With our deep understanding of Thai laws and industry-specific requirements, we provide practical and effective compliance solutions that reduce risks and empower your organization to achieve sustainable growth.
“Contact us today to discuss how our Compliance & Risk services can support your business in Thailand.”