New MACC Act for Corruption Used for the First Time
The MACC’s newly introduced corporate liability provision was used for the first time to charge a company for corruption and bribery. The said offence involved a former director of the company. The person associated allegedly paid a bribe totaling RM321,350 between 29 June to 14 October 2020 in order to secure a sub-contract for the […]
Corporate Liability – Section 17A of the MACC Act (watch the video to learn more)
DID YOU KNOW.. as a director or top management of a company you can be fined or jailed if your employee committed an offence of bribery? Based on the new section 17A of the MACC Act, a commercial organisation is deemed to have committed an offence if a person associated with the organisation commits an […]
Corporate Liability – Section 17A of the MACC Act
The enforcement of a new provision of the Malaysian Anti-Corruption Commission (MACC) Act 2009 regarding graft offences involving commercial organisations comes into effect on 1st June 2020. Under Section 17A of the MACC Act 2009 (Amendment 2018), commercial organisations are also liable and they can be punished if their employees or associates are involved in […]
Press Statement: A corporate liability provision: a needed boost to curb bribery and corruption in the private sector
C4 PRESS RELEASE 22 MAY 2020 Overview The Center to Combat Corruption & Cronyism (C4 Center) is pleased with the announcement that the Corporate Liability Provision under the new Section 17A of the MACC Act will commence without delay on 1 June 2020. Sec 17A of the MACC Act is needed to effectuate the principle […]