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​​Malaysian corporate liability law boosts anti-graft compliance industry, but many firms remain unprepared

By Ben Lucas ( July 18, 2019, 05:53 GMT | Insight) -- Malaysia’s incoming corporate liability law, which will hold companies and their directors liable for corrupt conduct by their employees, has led to growth in the country’s compliance industry as more businesses look to improve or implement anti-bribery systems and controls. But while many of Malaysia’s bigger companies and multinationals operating there are preparing, large numbers of small and medium-sized enterprises are failing to show much interest. Legal experts also warn that the country’s anticorruption agency won’t hesitate when it comes to going after companies once the new law comes in.Malaysia’s incoming corporate liability law, which will hold companies and their directors liable for corrupt conduct by their employees, has led to growth in the country’s compliance industry as more businesses look to improve or implement anti-bribery systems and controls. ...

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