Malaysian Anti Corruption Commission Macc Act 2018

An act to provide for the establishment of the malaysian anti corruption commission to make further and better provisions for the prevention of corruption and for matters necessary thereto and connected therewith.

Malaysian anti corruption commission macc act 2018. On april 5 2018 the malaysian parliament amended the malaysian anti corruption commission act 2009 macc act to incorporate among others a new section 17a on corporate liability for corruption. Malaysian anti corruption commission amendment act 2018 an act to amend the malaysian anti corruption commission act 2009. Enacted by the parliament of malaysia as follows. Kuala lumpur june 1 section 17a of the malaysian anti corruption commission macc act 2009 amendment 2018 which comes into force today will encourage business activities with good integrity and promote good corporate governance practices.

Malaysian anti corruption commission appoinment of date of coming into operation. The bill introduces a new strict liability offence for failing to prevent bribery and places a burden on those covered by it to proof they. The date of enforcement was issued by the power of the minister in the prime minister s department parliament and law datuk takiyuddin hassan through the federal government gazette p u b 247 dated 27th may 2020. In essence under section 17a of the macc act 2009 amendment 2018 commercial organisations are also liable to punishment if their employees or associates are involved in crimes of corruption.

Malaysian anti corruption commision act 2009 act 694 malaysia anti corruption commision amendment act 2018 act a1567 guideline on adequate procedures. Pursuant to the amendment act obligations previously imposed on banks are now imposed on all financial institutions licensed established or registered under various statutes including among others the. The enforcement of section 17a is effective from 1 june 2020. Lodge an online report.

The malaysian anti corruption commission amendment bill 2018 which amends the malaysian anti corruption act 2009 was tabled in the malaysian parliament and passed on 4 april 2018. 1 this act may be cited as the malaysian anti corruption commission amendment act 2018. On 1 october 2018 the malaysian anti corruption commission amendment act 2018 amendment act came into force save for section 4 which relates to corporate liability provisions seeking to penalise commercial organisations for the corrupt practices of its associated persons. Short title and commencement 1.

Royal assent was given on 27 april 2018. 1 january 2009 enacted by the parliament of malaysia as follows. 2 this act comes into operation on a date to be appointed by. The updated section 17a of the malaysian anti corruption commission amendment act 2018 which has been enacted in may 2018 addresses corporate liability for corruption offences in commercial organisations.