Abstract:
Section 17A of the MACC Act 2009 introduces corporate liability for corruption, marking a pivotal shift in Malaysia's anti-corruption framework. Effective from June 2020, it holds companies accountable for corrupt acts committed by their employees or associates in pursuit of corporate gain. A robust defense lies in proving the implementation of "adequate procedures" to prevent such acts. This provision fosters a culture of integrity and transparency, compelling businesses to adopt stringent anti-corruption measures. By targeting corporate complicity, Section 17A elevates accountability, strengthens governance, and aligns Malaysia with global anti-corruption standards, reinforcing its commitment to ethical business practices.
