MACC to use new provision to prosecute companies, not just individuals - Nation - News Summed Up

MACC to use new provision to prosecute companies, not just individuals - Nation


KUALA LUMPUR (Bernama): The Malaysian Anti-Corruption Commission (MACC) will enforce a new provision in the MACC Act 2009 effective from June 2020 to enable the prosecution of commercial organisations involved in corruption. He said before this, the MACC Act only focused on the prosecution of a natural person, that is individuals involved in corruption. “Section 17A was enacted to enable companies involved in corruption activities to be subjected accordingly to legal action. “The provision also requires, as a precautionary measure, the commercial organisation to create policies and efforts to prevent corruption in the organisation,” he said. He added that MACC had referred to various legal sources, both domestic and overseas, in the drafting of the provision.


Source: The Star May 30, 2019 02:03 UTC



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