Regulations about ABaC In Malaysia

Which of the following is the main legislation governing anti-bribery and corruption in Malaysia?

• Companies Act 2016

• Malaysian Anti-Corruption Commission (MACC) Act 2009

• Penal Code

  (Act 574)

• Whistleblower Protection Act 2010

What does Section 17A of the MACC Act 2009 focus on?

• The roles of enforcement officers

• The definition of bribery

• Corporate liability for corruption offences

• Political donations regulations

What is a key defense for a commercial organization charged under Section 17A of the MACC Act?

• Denying knowledge of the act

• Blaming individual employees

• Proving it had adequate procedures in place

• Showing company profits were not affected

You receive a personal request from a government official to speed up a permit process in exchange for a gift. How do you respond?

• Agree to speed up the process and accept the gift.

• Politely refuse the request and report it to the authorities.

• Ignore the request as it seems harmless.

• Accept the gift but don’t speed up the process.

What is one of the primary reasons public companies must avoid bribery?

• Bribery ensures quicker business deals and more revenue.

• Bribery can lead to severe legal consequences, including penalties and imprisonment.

• Bribery increases the company's market share significantly.

• Bribery is acceptable in certain regions, especially for foreign companies.

How does bribery affect the reputation of public companies?

• Bribery improves relationships with government officials, benefiting public companies.
• Bribery negatively impacts the reputation of public companies by eroding trust and leading to legal and financial repercussions.
• Bribery has no effect on the reputation of public companies.
• Bribery enhances the reputation of public companies by increasing investor confidence.