With the introduction of a new corporate liability offence under Section 17A of the Malaysian Anti-Corruption Commission Act 2009, commercial organisations and their senior management may be found potentially liable for failing to prevent corrupt acts from taking place. The new legislation has far-reaching implications, as it does not matter where the activity took place, or who performed the activity as long as the activity was undertaken by a person associated with the commercial organisation that has connections to Malaysia.
Based on the UK Bribery Act, the only defence available to organisations in cases where they face prosecution is having "adequate procedures" in place. In this webinar, we will discuss a practical and effective approach in introducing and embedding a strong ABAC compliance framework within the organisation, the challenges to consider, and how to prepare for this change. We will then focus on two core components of the framework that are essential yet often neglected due to its perceived complexity or underestimated importance.