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Section 17a Of The Macc Act 2009 The Introduction Of Corporate Liability
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Malaysia anti corruption act 2020. As highlighted in our earlier client alert see link a company may be held criminally liable for acts of corruption by its directors employees or other associated persons. Iia malaysia adopts a zero tolerance approach towards bribery and corruption and will not pay or receive bribes or corrupt gratification to or from anyone for any purpose. In conjunction to section 17a of macc act 2009 macc act on corporate liability for corruption bursa malaysia has announced the amendments to listing requirements for main and ace market listed issuer in relation to anti corruption measures on 18 december 2019. China news service september 18th.
Laws of malaysia act 694 malaysian anti corruption commission act 2009 arrangement of sections p art i preliminary section 1. The entrance of the macc headquarters in putrajaya is pictured on november 19 2018. According to malaysia s sin chew daily the malaysian anti corruption commission officially launched the official website in chinese on the 18th after setting up the official website in malay and english so that the chinese community can receive the macc more accurately. The institute of internal auditors malaysia iiam version no 1 29 may 2020 page 2 of 5 4.
Interpretation p art ii the malaysian anti corruption commission 4. The information sent out will work together to fight corruption. Malaysian anti corruption commission macc ikuti kami. Establishment of the malaysian anti corruption commission 5.
Our anti bribery and corruption stances i. Putrajaya sept 3 section 17a of the malaysian anti corruption commission macc act 2009 amendment 2018 could wake up sleeping partners to be more responsible for the company said the macc s legal and prosecution division director roslan mat nor. Please refer to official portal office of the chief registrar federal court of malaysia. Wafiy abd aziz 35 was charged under section 10 3 b the whistleblower protection act 2010 act 711 for having caused a company employee to be fired after providing information to the malaysian anti corruption commission macc regarding misconduct committed by the accused.
Principal objects of act 3. Macc starts sungai gong pollution investigation case 08 09 2020. Thursday 03 sep 2020 09 30 pm myt. Section 17a of macc act can wake up sleeping partners says legal director.
Picture by hari anggara. On 1 june 2020 the corporate liability provision under section 17a of the malaysian anti corruption commission act 2009 the act is set to come into force.
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