First Corporate Liability Charge under Section 17A of the MACC Act – What Commercial Organisations and Management Need to Know?
MACC’s first prosecution under the corporate liability provision (Section 17A of the MACC Act) came about within 9 months of the enforcement of the said provision in June 2020, in contrast the equivalent legislation in the UK (Bribery Act 2010) took at least 5 years before its first prosecution. The MACC has made its intention clear, commercial organisations and its senior management cannot afford to sit back and adopt a lackadaisical attitude. Immediate steps should be taken to evaluate and assess the adequacy of existing anti-bribery and corruption initiatives.
