#MACC Act Section 17A

[kmloi-blog]

When you are a business holder then it becomes important you have knowledge about the compliance management program. If you have not any idea about Whistle Blowing management system, you recommended contacting an expert. There are a lot of companies that have enough knowledge of compliance risk so that they will help you in preventing those risks. "KM Loi & Associates Sdn. Bhd." is one of them. For more information, please feel free to talk to our expert at 6018-9497725.

[birdiejourney-blog]

Do: Your companies have internal dealing? Your companies have efficient control? Malaysian Anti-Corruption Commission (Amendment) Act 2018 (#ActA1567) had decided to insert S. 17A as its new section to look into offences by commercial companies. No matter if you give benefits, possess intent to obtain or retain a business and advantage through people associated to the organization, you are liable to: 1. Fine - not less than 10x from the sum; 2. Fine - RM1.0 million; 3. Imprisonment - not exceed 20 years. Let's practice #transparency. Let's hinder Corporate Liability. Let's Comply to Protect our workplace. #macc #malaysiananticorruption #anticorruption #corruption #saynotocorruption #corporateliability (at Malaysian Anti Corruption Commission (MACC) - Special Ops Division) https://www.instagram.com/p/B1-snJ5HT54/?igshid=vbfemiysi7e2

[kmloi-blog]

Implementing the Compliance Management System

When you are a business holder then it becomes your responsibility to ensure their safety and to maintain a safe environment you should adopt the risk management system in your industries. By this, you could create awareness about the possible risks inside the working premises. You should also get to know about the importance of adopting the compliance management program inside your premises when you don’t have an idea about it you can get the help from the Anti-bribery Management Expert. Because they have enough knowledge of compliance risk so that they will help you in preventing those risks.

How to implement the compliance management system?

Generally, the people expect there should be an effective compliance management system that is to prevent the possible compliance risks inside their premises. To adopt the effective compliance management program they make use of certain business strategies and operations. You should also know about the Whistle Blowing Management System while building your compliance management program. The compliance management program usually focus on three areas, they are as follows;

Board and management oversight:

The board of directors is the people who are responsible for enhancing and managing the compliance management system that is to assure the complete compliance to the labors with the federal consumer protection regulations and laws.

Compliance program:

Each organization should have a well-planned program that should focus on the organization’s compliance activities. The written program will act as a source document that guides the employees. There is an act called MACC Act Section 17A which enforces the law against the commercial offense it is better to know about it.

Compliance audit:

It is just a legal assessment of the organization’s compliance requirements along with the consumer protection laws and regulations.

Bottom lines:

These Guidelines of Adequate Procedures can give you enough ideology on how to implement the compliance management program on your premises.

[kmloi-blog]

Risk Management  Malaysia

Having a safer work environments is important for the business to ensure the success and more productivity. In these days, organisations have become increasingly proactive about workplace safety. That causes they recognize the importance of the risk management, which not only important for a better work environment, but a more profitable one too. If you are looking for a leading company that provides Risk Management  Malaysia services can consider to choose the services from a leading company, such as  "KM Loi & Associates". To ensure both effective risk management and comprehensive compliance, we ensure comprehensive integration with existing systems.

[kmloi-blog]

Anti-Bribery Management Systems

Various numbers of the international cooperation organizations led to include the issue of corruption in their agenda and the need for institutional reform in order to combat it. If your organization also suffering from the corruption or bribery, you should need to create action plans and allocated resources with aimed at controlling corruption. In that case, you can consider to Anti-Bribery Management Systems. There are a lot of companies in the market these days that offering the management system and technical analysis services for both the manufacturing and services industries and its related supply chain. "KM Loi & Associates" is one of them. You can consider to hire our experts services for your organization.

[kmloi-blog]

MACC Act Section 17A is an important act will provide that a commercial organisation commits an offence if a person associated with it corruptly gives, offers or promises any gratification to any person with a wrong intention. If you want to know more about this section can consider to approach "KM Loi & Associates".

[kmloi-blog]

MACC Act Section 17A is an important task that imposed corporate liability of the business organizers for the first time. So the Malaysian business organizations should know about the reason for hiring the management system consultancy. You can consider choosing services from "KM Loi & Associates" that is a leading management system consultancy and technical advisory firm.

[kmloi-blog]

Guidelines of Adequate Procedures

To prevent the practice of bribery in the corporation, the anti-Bribery Management Systems was created.  The strong commitment of business owners and top level management to clarity and guidelines of Adequate Procedures and ethics contributes significantly to combating the practice of bribery, but this is not always enough to ensure one’s reputation. If you want to implement this law in your corporation, you can consider "KM Loi & Associates" services. We advice our customer clients what is the right for them and industry. We provide services for both manufacturing and services industries and its related supply chain.

[kmloi-blog]

Corporate Liability Malaysia

According to the amendmended Malaysian Anti-Corruption Commission (MACC) Act, 2009, an organization top-level management would now liable for the anti-bribery or integrity program in the company.  They need to demonstrate commitment and take primary responsibility for the effectiveness of its anti-bribery or integrity program. And, failure to do so can give rise to severe fines and imprisonment penalties. If you want to services related to Corporate Liability Malaysia, you can contact to KM Loi & Associates Sdn. Bhd. We engaged in providing GRICE solutions to customer clients. For more information, you can consider contact our expert or visit our website.

[kmloi-blog]

"KM Loi & Associates" is a leading company that experts in providing services in MACC Act Section 17A, ISO 37001, ABMS, Compliance and Ethics and etc. If you want any type of assistant, you can consider consulting with our expert. We ensure to provide the best solution to our customer's clients.

[kmloi-blog]

With the advent of new legislation such as Anti-bribery & Anti-corruption act companies are under pressure to ensure they have adequate policies and procedures in their business to please safeguard against Bribery and Corruption risks. If you are looking for an expert in ABMS Malaysia, you can consider choosing "KM Loi & Associates". We provide excellent solutions to our customer clients with the experience of years in this arena.

[kmloi-blog]

Anti-Bribery Management Systems

With the introduction of new legislation in Malaysia such as Anti-bribery ISO 37001, Anti-corruption, MACC Act Section 17A, and much more, it becomes compulsory for organizations like institutions, colleges or corporate sectors that they comply with the adequate policies and procedures of law. And presents the highest ethical standards of conduct in the organization. 

If you are a business person and want to know more about Anti-Bribery Management Systems, you'll need to approach an expert they have experience of years in this arena and able to provide the best consultancy and technical advisory. In this regard, you can consider choosing "KM Loi & Associates". Surely, from us, you will get the best solution for your firm.

[kmloi-blog]

According to new MACC Act Section 17A, preventing the corruption, bribery, Whistle Blowing and etc problems is the corporate Liability of every organization. If your company is under risk you should be need to contact a leading management system and technical advisory services provider, such as "KM Loi & Associates". We ensure to deliver the excellent services to our customers clients.

[kmloi-blog]

Anti-Bribery Management System

Malaysian Anti-Corruption Commission (Amendment) Bill 2018  is to introduce Section 17A into MACC Act that is related to "Offence by Commercial Organization”. It states that commercial organization commits an offence if any person associated with that commits a corrupt or bribery act in order to obtain or retain business or advantage for the organization. After to implement this act, it is compulsory for the organization to apply Anti-Bribery Management System in their company. To apply it in a proper way, if you want to management consultancy and technical advisory services can consider "KM Loi & Associates".