Past Events & Continual Learning

The Association of Banks In Malaysia

Corporate Liability Provision: "What it is, and how will my company be affected?"

6 September 2018 | 9.00 AM – 1.00 PM
Venue: Sime Darby Convention Centre, Kuala Lumpur

On 4 May 2018, the Malaysian Anti-Corruption Commission (Amendment) Act 2018 was gazetted, introducing corporate liability for corruption offences for the first time in Malaysia. Once enforcement begins, company directors and senior management will be held personally liable for acts of corruption (or ‘gratification’) committed by the company, either by personnel or parties acting on behalf the organisation. Penalties include fines and prison sentences of up to 20 years for those in charge of the company at the time of the offence. Companies which have been proactive in preventing corruption occurring can present the defence of having “adequate procedures” in place. These consist of the key elements of an anti-bribery system, comprising primarily policies and procedures as set out by ISO 37001, a recently published certifiable standard. This seminar explains the details of corporate liability and the procedures which companies should put into place in preparation for the enforcement of the MACC (Amendment) Act 2018. The speaker, Dr Mark Lovatt, is an internationally-recognised expert in private sector corruption, and a Lead Implementer for ISO 37001.

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The Association of Banks in Malaysia (ABM) was formed in November 1973. Our membership is currently made up of the 27 commercial banks operating in Malaysia.

Since its inception, ABM has been actively involved in various initiatives to promote and strengthen the commercial banking industry to become more resilient, effective and efficient.

Tel No. : +603-2078 8041
Fax No. : +603-2078 8004
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