Type: Client Alerts
Section 17A of MACCA
These corporate liability provisions can be found in the new section 17A of MACCA. Notably, they provide that the corrupt acts of persons associated with a commercial organization will be attributed to that commercial organization. Associated persons include directors, partners, employees and third-party service providers of the commercial organization. The definition of commercial organization similarly has a wide ambit, and includes Malaysian companies and partnerships whether conducting business in Malaysia or outside of Malaysia, as well as foreign companies conducting business in Malaysia.