MACC Amendment Act

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To get that contract or other beneficial outcome for your company (or client), you offer inducements to the decision-maker. All done quietly and surreptitiously.

You have just committed corruption. The MACC Amendment Act gazetted this year has far-reaching corporate liability provisions. A commercial organisation will now commit an offense if a person associated with that organisation is involved in corruption. That means YOU as a director, YOU as a Partner, YOU as the Management, YOU as an employee will be deemed to have committed the offence, though you were not directly involved in the corrupt act itself.

Punishment? A heavy maximum jail term of 20 years or 10 x the sum of gratification or RM1 million, whichever is higher, or both.

Legal Updates training on 26 September will cover this and other new legal amendments which you need to know.