ON April 5,2018, Parliament passed Section 17A of the Malaysian Anti-Corruption Commission (MACC) Act 2009, which provides for a law that enables companies engaging in corruption to be charged. Previous to this, only the individuals involved could be charged.
Under the new provision, directors and senior management are liable for the actions of the company if it is involved in bribery unless it can prove that it has successfully implemented adequate procedures to prevent bribery from happening.
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