Malaysian Anti Corruption Commission Act 2018

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 act 2018. 1 this act may be cited as the malaysian anti corruption commission amendment act 2018. On 5 april 2018 the dewan negara the upper house of parliament passed the malaysian anti corruption commission amendment bill 2018 bill. Short title and commencement 2. Picture by yusof mat isa.

He was alleged to have received the monies. The malaysian anti corruption commission macc has announced the transfer of two senior officers involving the director of intelligence d. Principal objects of act 3. Enacted by the parliament of malaysia as follows.

Instun tanjung malim perak expresses commitment ag. Courtesy call from director of kpdnhep kedah on ma. Laws of malaysia act 694 malaysian anti corruption commission act 2009 arrangement of sections p art i preliminary section 1. Short title and commencement 1.

An act to amend the malaysian anti corruption commission act 2009. 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. Interpretation p art ii the malaysian anti corruption commission 4. 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 pursuant to the amendment act obligations previously imposed on banks are now imposed on all.

A commercial organisation commits an offence if any person associated with the commercial organisation commits a corrupt act in order to obtain or retain business or advantage for the commercial organisation. 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. It has yet to come into force. Most notably the amendment act includes new far reaching corporate liability provisions seeking to penalise commercial organisations for the corrupt practices of its associated persons as follows.

2 this act comes into operation on a date to be appointed by the minister by notification in the. The malaysian anti corruption commission amendment act 2018 amendment act was gazetted on 4 may 2018 and will come into force on a date to be appointed. Malaysian anti corruption commission 1malaysia development berhad 1mdb scandal malaysian anti corruption. Establishment of the malaysian anti corruption commission 5.

Section 23 under malaysian anti corruption commission act 2009. The malaysian anti corruption commission amendment act 2018 in essence.