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?
By 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) will take full effect as confirmed by the Prime Minister’s Office Statement on 21 May 2020.
How will your company be affected by this new act? How do you put together an adequate compliance framework to safeguard your organisation from corporate liability? Do you know that MACC has made its first arrest under section 17A under the ASPRM 2009 Law?
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