It is no longer the case that top management can turn a blind eye to corruption, and get away with it. With the introduction of section 17A into the Malaysian Anti-Corruption Commission Act 2009, senior officers of the company are now at risk of being exposed to criminal liability on account of corrupt acts committed…
The Prime Minister’s Office in a statement on 21 May 2020 announced[1] that the amendment to the Malaysian Anti-Corruption Commission Act 2009 introducing corporate criminal liability will come into force on 1 June 2020. This announcement ends months of speculation as to whether the amendment would be enforced by the Malaysian Anti-Corruption Commission (MACC) given the…