Are corruption, money laundering in Malaysia inseparable twins — Leonard Yeoh and Eri Fu | Malay Mail

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AUGUST 13 — As the nation is grappling with corruption perception after a series of high profile court proceedings and conviction recently, Malaysians are trying to make sense of the charges that have been framed against these individuals. Among the charges reported in the headlines include...

Thursday, 13 Aug 2020 09:46 AM MYT

Based on the Corruption Perceptions Index reported by Transparency International, Malaysia's corruption score is 53 in 2019, whereby a lower corruption score means the country is perceived to be more corrupt. To draw a comparison with our neighbouring countries, Thailand's corruption score is 36, Indonesia's score is 40 while Singapore's score is 85 for the year 2019. Relative to 2018, where Malaysia had a CPI of 47, it has made an improvement of 6 points in 2019.

Where a CO has been charged for a Section 17A offence, it can defend itself by proving that the CO had in place “adequate procedures” that are effectively implemented and enforced. Where a CO is liable under Section 17A of the MACC Act, a director, officer or a person concerned in the management of the CO's affairs will also be deemed personally liable.

 

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