Event: 13 May 2020 (Wednesday)
Time : 9.30 am to 4.30 pm (1 Day)
ISO 37001: 2016 Anti-bribery Management System Complementing Section 17A, Malaysian
Anti-corruption Commission Act Amendment 2018 Training
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ALERT:
Effective June 2020 this year, if an commercial organisation fails to establish Adequate
Procedures to prevent bribery and corruption in their business processes which pose more
than a low bribery risk, the employer or CEO or directors or controllers or senior managers
or even officers managing its affairs of the commercial organizations will be guilty and liable
for a max jail term of 20 years or max penalty of 1 million ringgit if any employee or
business associates of the commercial organisation commit bribery either giving or receiving,
or soliciting or promising bribe/ gratification/ facilitation payment on behalf of the
organisation advantage or commit any corrupt practice.
What is actually BRIBERY?
..many people do not really understand and take it not seriously…
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In fact, the Section 17A had been passed by Parliament on 5 April 2018, giving 2 years transition for commercial organisations to establish Adequate Procedures in their organisation to prevent bribery and corruption (act of receiving or offering or soliciting or
promising of any monetary and non-monetary items on the advantage of the organisations, including excessive or expensive gifts, facilitation payment to a government officer to expedite approval such as license, permit, planning approval, building plan approval, etc., or attend non bonafide lucrative luncheon or dinner invited by suppliers with intention to obtain or retain their businesses, paying bribe to enforcement officers (e.g. DOSH, DOE officer), etc.), or other corruption acts such as money laundering, false claims, embezzlement, etc.
All these have to be stopped now after 1 st June 2020 in order to foster the environment of doing business and bring the country to a greater height and towards developed country.There are over 80000 commercial organisations registered under ROC and ROB in the country, and it is believed many of these commercial organisations CEO and Directors are still not aware of the Section 17A or have not taken the move to establish the Adequate Procedures or Anti bribery and Anti-Corruption management system.
It will be too late to set up the Adequate Procedures when the amended Section 17A come into full force in June 2020 and we will see cases of commercial organisation CEO and directors or officers are taken to Court and liable for the jail term or penalties.
The Adequate Procedures can include policies, financial and non-financial controls built in the business processes documented procedures and related Guidelines that aims at preventing bribery or other forms of corruption, examples, adequate verification and review activities of relevant documents or evidences prior to payment or transaction or any approval or inspection that can potentially pose bribery or other form of corruptions, separation of duties in the relevant operation processes that can prevent bribery or other forms or corruption, due diligence on personnel prior to employment and at periodic intervals, due diligence of business associates including suppliers, customers, agents and other business partners prior to their engagement as well as periodic due diligence, etc.
Venue:
Cititel Mid Valley , Kuala Lumpur
Date : 13 May 2020 (Wednesday)
Time : 9.30am – 4.30pm
Venue:
Evergreen Laurel , Penang
Date : 9 June 2020 (Tuesday)
Time : 9.30am -4.30pm
Venue:
Crystal Crown , Johor Bahru
Date : 23 June 2020 (Tuesday)
Time : 9.30am – 4.30pm
Fees:
RM220.00 – CI International clients
RM270.00 – Non CI International clients
(Fees are not included the lunch & tea break.)
The Liability is maximum 20 years jail term or penalties max RM1 million ONLY or both…
ABMS/ Adequate Procedures Expert: Mr Ooi Soo Kang
CIMY International
Organised by:
CIMY International Standards Training (M) Sdn Bhd in collaboration of CI International
Certification Sdn Bhd (The Socotec Group)
