Malaysia’s corporate liability provision in section 17A of the Malaysian Anti-Corruption Commission Act 2009 (MACC Act) has been gazetted and will be in force on 1 June 2020. The gazette notice is found here. It is now critical for commercial organisations to have adequate procedures in place.
The corporate liability provision is modeled after section 7 of the UK Bribery Act‘s corporate offence of failure to prevent bribery. Continue reading