Implications of Malaysia’s new corporate corruption law

On Jan 31 2020, the UK Crown Court published its judgment approving Airbus’ settlement with the UK Serious Fraud Office.

Airbus faced five counts of indictment in relation to its failure as a commercial organisation to establish adequate procedures to prevent bribery by its associates. The judgment details a global network of agents and business intermediaries hired by Airbus who allegedly bribed customers to buy its civilian and military aircraft, resulting in new corruption inquiries being launched around the world, including in Malaysia.