With effect from 1st June 2020, following the introduction of the new Section 17A of the Malaysian Anti-Corruption Commission Act 2009 (“MACC Act”), a commercial organisation will be subject to strict accountability if it does not take reasonable steps to stop a person associated with it from engaging in a corrupt behavior for the organization’s gain. The Commercial Organization’s only means of defence is to demonstrate that, at the time the corrupt behaviour was committed, it had implemented a series of permitted preventive measures suitable for its organisation.
This programme examines how the new anti-corruption law function, the corporate liability and how to operate the anti-corruption compliance system effectively. By using case studies to highlight the red flag signs and lessons learned, the session also includes a discussion of best practices that can be used as a reference. The participants will thereafter acquire useful strategies for managing the anti-corruption programme in their individual organisations.
- Describe the importance of Corporate Liability under Section 17A of Malaysian Anti-Corruption Commission (Amendment) Act 2018
- Discuss the elements of Section 17A and commercial organization involved according to Section 17A
- Explain the details of Adequate Procedures Guideline issued by the National Centre for Governance, Integrity and Anti-Corruption (GIACC
Who is this Programme For?
The programme is targeted but not limited to
- Board of Directors,
- Senior Management of Organisations,
- Chief Compliance Officer
- Legal officer
|Virtual Classroom Format|
|4 hours (25 minutes Virtual Networking Break)|
|Interactive Facilitated Learning|
ICDM Faculty, Malaysia
Raveen Singh is an ICDM Faculty Member and she was a Senior Policy Advisor looking into formulating and developing new policies, new law and law reforms relating to corporate sector in Malaysia. As a trainer/public speaker, she also identifies the training development needs for companies, conduct corporate legal research, develop and deliver training modules related to Company Law, New Corporate Liability and Anti Money laundering. Currently she is one of the prominent speakers who delivers numerous trainings and awareness programs in Peninsular Malaysia and regionally on Anti-Money Laundering and Anti-Terrorism Financing Act (AMLA) and Companies Act 2016 in many aspects in particular relating on the impact of the Act on the company operation, Board of Directors’ fiduciary duties and the newly introduced transparency of beneficial ownership in companies.
Thursday | 3 November 2022 (Facilitator: Raveen Singh)
|9.05am||Module 1: Introduction and Background to Corporate Liability Laws|
|9.30am||Module 2: Definition and Details of Clauses Under Section 17A|
|10.30am||Module 3: Adequate Procedures (1)|
|11.40am||Module 4: Adequate Procedures (2)|
|1.00pm||End of Programme|
The Organiser reserves the right to alter the content and timing of the programme as it deems fit and is not responsible for cancellations due to unforeseen circumstances.