The authorities have, since the latter half of 2013, announced that corporate liability-related sections will be inserted into the MACCA within 2014. It is unclear at present what form these provisions will take, although the authorities have indicated that there will be a grace period for enforcement and that a robust internal anti-corruption policy coupled with adequate employee awareness and education efforts are expected to be key liability mitigation factors.
Posted on: Sun, 28 Sep 2014 18:34:02 +0000
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