ANTI-BRIBERY MANAGEMENT SYSTEMS
BRIBERY is a virus that has torn nations apart and a cancer that can destroy societies if it is not tackled head-on.
Malaysia’s path towards addressing bribery issues took a giant step forward with the introduction of the new Section 17A of the MACC Act on 27 April 2018. The provision of Section 17A criminalises an organisation for bribery actions by associated persons done for the benefit of the company. Before the current amendment to the Act, the penalties were only applicable to individuals.
This may include systems that are similar to risk management tools presently available but only thing is that these are now defined as ISO 37001:2016 Anti-Bribery Management System (ABMS), Corruption Risk Management (CRM) and Integrity Assessment System (IAS).
The GAP has been formed on the basis of five (5) key principles known as the ‘TRUST Principles’. (See figure below)
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