Malaysian Anti Corruption Commission Macc 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.

Malaysian anti corruption commission macc act 2018. The new provision section 17a of the malaysian anti corruption commission macc act 2009 amendment 2018 on corruption offenses by commercial organisations comes into force today 1st june 2020. 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. 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 appoinment of date of coming into operation.

Enacted by the parliament of malaysia as follows. 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. 1 this act may be cited as the malaysian anti corruption commission amendment act 2018. Malaysian anti corruption commision act 2009 act 694 malaysia anti corruption commision amendment act 2018 act a1567 guideline on adequate procedures.

Malaysian anti corruption commission amendment act 2018 an act to amend the malaysian anti corruption commission act 2009. 2 this act comes into operation on a date to be appointed by. Short title and commencement 1. The malaysian anti corruption commission macc act was amended in 2018 to introduce corporate liability for corruption offences which applies to malaysian commercial organisations.

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.