Case Discussion: Post Section 17A Malaysian Anti-Corruption Commission (MACC) Implementation

Laws & Regulations

06
Oct 2021

10:00 am - 12:00 pm

SIDC LAMS

Speakers : TBC

TBC: 5 CPE

MYR 350 *Fee is not inclusive of 6% SST

Case Discussion: Post Section 17A Malaysian Anti-Corruption Commission (MACC) Implementation

The corporate world is not short of corruption and bribery scandals. Previously, it has been reported and common knowledge that the risk of engaging in corrupt practices is high in the commercial sector, particular when it comes to bidding for tenders for projects and contracts worth millions of ringgits.

Hence, Section 17A implementation was deemed timely as there are concerns that businesses affected by Covid-19 crisis might lean towards corrupt practices to earn profits.

With the introduction of Section 17A of the MACC Act passed in parliament on April 2018 and its enforcement on 1 June 2020, it is indeed a wakeup call for many as drastic actions may be taken against this rampant activity to ensure a corruption-free business environment. The new provision, which is known as corporate liability, will encourage business activities to be conducted with integrity and good governance across business organisations.

Programme Objective

This programme will provide insights into MACC Section 17A post implementation particularly around cautionary lessons that can be learnt from cases discussed. The programme will also deliberate on offences and enforcements taken upon organisation/person(s) as well as the required procedures and recommended practices in protecting and establishing defense from such incidents.

Mode

Live Webinar

Target Audience

Individual 

Directors, Company Secretaries, Partners of Firms, C-Suites, Lawyers, Accountants, Corporate Consultants, Capital Markets Services Representative’s License Holders, Professionals undertaking corporate advisory work, Financial Controllers, Head of Compliance, Head of Legal, Integrity Officers, Risk Officers, Internal Auditors

Companies

Public Listed Companies (PLCs), Legal Firms, Consultancy Firms, Accounting Firms, Fund Management Companies, Stockbroking Firms, Investment Banks

Learning Outcomes

Upon completion of the programme, participants will be able to:

  • Describe the origin of MACC Section 17A and the UK Bribery Act 2010
  • Explain the key purpose of MACC Section 17A
  • Describe the 4 main Offences stipulated in the MACC Act 2009
  • Discuss updates since MACC Section 17A implementation
  • Discuss the offences and enforcement taken from relevant cases and scenarios
  • Determine the red flags following Sec 17A relevant cases and its impact to organisations
  • Describe the measures that can be taken to protect the organisations and businesses
  • Explain the methods and procedures in establishing defense against corruption, based on MACC Section 17A recommended practices

10.00 am – 12.00 pm Case Discussion: Post Section 17A Malaysian Anti-Corruption Commission (MACC) Implementation

  • MACC Section 17A: Recap and latest updates
  • Case discussions: Insights into corruption scandals around the globe and its key takeaways
  • Background facts of the case and findings
  • Red flags of corruption: Offences and enforcement
  • Lessons learned and its impact
  • What can you do to protect your organisation and business?
  • Recommended practices in establishing defense against corruption

About the Speaker

TBC


*The SIDC reserves the right to amend the programme as deemed appropriate without prior notice

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