MACC ACT SECTION 17A
Dealing with Corporate Liability on the Company & Deemed Personal Liability on Directors & Senior Management
As of 1 June 2020 the Corporate Liability Provision, the latest amendment that has been introduced in the Malaysian Anti-Corruption Commission Act 2009 (MACC Act 2009) has taken full effect as confirmed by the Prime Minister’s Office press statement on 21 May 2020.
How will your company be affected by this new act? How do you put together adequate compliance framework to safeguard your organisation from corporate liability?
This 2-day workshop will guide participants in having a clear understanding of the provisions of the Malaysian Anti-Corruption Commission Act (the “Act”) and the relevant regulations and guidelines issued by the Malaysian Anti-Corruption Commission (the “Commission”). Corruption can take many forms as in essence it covers all activities of bribery, fraud, dishonesty and organizations must be trained to identify these methods. According to a report, between 2014 and 2018, MACC have nabbed a total of 782 individuals from the 900 investigation papers opened by the MACC in the five-year period. The purpose of the Act is therefore to identify, penalise and curb corrupt practices in Malaysia.
This Course Include
- Overview of the MACC Act 2009 & Recent Amendments
- Ensure That Your Organization Is In Compliance With MACC 2009 Act
- Learn to Identify all forms of corruption activities
- Implement adequate procedures to curb corrupt practices