Corporate Liability in Malaysia Quiz

What is the main law in Malaysia related to Corporate Liability in corruption cases?

• Companies Act 2016

• Anti-Corruption Act 1997

• Malaysian Anti-Corruption Commission Act 2009

• Occupational Safety and Health Act 1994

What is Section 17A of the Malaysian Anti-Corruption Commission Act 2009 related to?

• Tax evasion offence

• Offence of submitting false claims

• Offence of corruption by commercial organisations

• Offence of soliciting bribes by individuals

When was Section 17A of the MACC Act passed by Parliament?

• 5 April 2018

• 1 January 2020

• 20 December 2016

• 1 January 2021

What is the punishment for a company found guilty under Section 17A?

• A fine not less than 5 times the value of the bribe OR RM10,000, whichever is higher & imprisonment not exceeding 20 years

• Freezing of the company's account for 5 years

• Permanent closure of the company

• A fine not less than 10 times the value of the bribe OR RM1 million, whichever is higher or imprisonment not exceeding 20 years or both

Which of the following is NOT a commercial organisation under Section 17A?

• A business registered under the Partnership Act 1961

• A foreign company that does not conduct business in Malaysia

• A company incorporated under the Partnership Act 1961

Who can be prosecuted if a commercial organisation is found guilty?

• Individuals acting on behalf of the organisation

• Shareholders only

• Only the Chief Executive Officer

• The organisation, directors, and those involved in management

What is the name of the first company charged under Section 17A of the MACC Act 2009?

• Alcatel Network System Sdn Bhd

• Sweet Group PLC

• Skansen Interiors Limited

• Pristine Offshore Sdn Bhd

Which of the following statements is TRUE about other countries with corporate liability?

• Brazil - Federal Law No. 12,846/2013

• United States - Foreign Corrupt Practices Act 1979

• Australia - Criminal Code Act 1997

• United Kingdom - Section 17, UK Bribery Act 2010

What does T.R.U.S.T stand for in the context of anti-corruption?

• Rational Procedure for Effort, Success & Action

• Rational Action for Effort, Success & Action

• Top level commitment, Risk assessment, Undertake control measures, Systematic review, Monitoring and enforcement, Training and communication

• Procedure, Risk, Law, System & Training

Under which section can commercial organizations be charged if convicted of an offence?

• Section 17A MACC Act 2009

• Section 17a MACC Act 2009

• Section 17b MACC Act 2009

• Section 16a MACC Act 2009