Latheefa calls on private sector to be ready for new corporate liability offence

MACC has called on the private sector to get ready for the implementation of Section 17A of the Malaysian Anti-Corruption Commission Act, a new statutory corporate liability offence that will come into force on June 2020.

Chief commissioner Latheefa Koya said people in the corporate sector must know about the provision which was passed in Parliament in April 2018 with two years grace period before the provision was implemented.

She said commercial organisations must comply with the provision by putting in place adequate measures to combat bribery...